you are viewing a single comment's thread.

view the rest of the comments →

[–]Hematomato 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (14 children)

He's a stockbroker and heads a successful investment firm called Bain Capital.

In case you hadn't heard, there's a lot of money in stonks.

[–]apxz 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (12 children)

i can remember when bernie madoff was known as a "successful stock broker".

unless you have performed a thorough audit of such a company like bain capital, you will never know the real bottom line.

[–]Hematomato 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (11 children)

So you agree that without a thorough audit, there's no basis for thinking Romney is corrupt.

[–]apxz 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (10 children)

no, absolutely not.. actually, i think that if there are not detailed financials that show EVERYTHING, i would assume the opposite.

video: the man who knew

https://youtu.be/s68FR1MXT8Q

[–]Hematomato 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (9 children)

I see. So to refute the thing you want to believe, you would require a thorough audit, but to confirm the thing you want to believe, all you need is an amateur video on YouTube.

[–]apxz 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

you would require a thorough audit

yes, that is standard procedure.

[–]Hematomato 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

Yes, I suppose it is rather standard to believe whatever the hell you want with minimal-to-no evidence, and yet require extraordinary evidence to change your mind.

That is indeed how most people's minds work.

[–]apxz 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

in a criminal or civil case, the defendant is assumed innocent until proven guilty.

in an investment company, the company bears the burden of proof, they must show their numbers.

i am pretty sure that is how the ball is supposed to bounce.

[–]Hematomato 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

And in "wildly speculating about someone's sources of income," the burden of proof obviously goes to "whatever you would prefer not to believe."

However the ball is supposed to bounce, that's how it does bounce.

[–]apxz 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

an investment firm should publish detailed statements of it's investments and holdings.

period.

just fyi, when it comes to conducting due diligence, i can be a bit of a motherfucker, so wear a helmet.

[–]DesertOfMirrors 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Especially when you control the legal context that dictates stock price. And have access to inside information.