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Is the money ever really lost?
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<blockquote data-quote="WalnutCrest" data-source="post: 1381856" data-attributes="member: 21715"><p>I think the thought goes like this...</p><p></p><p>1 -- buy 100 steers for 90,000 and put 10,000 of feed, mineral, hauling, vet bills, and management into them for a total cost of 100,000</p><p></p><p>2 -- when the calves are at target weight, sell them ... realize 80,000 for the 100 steers</p><p></p><p>3 -- on the same day, buy 100 more lighter weight steers for 60,000</p><p></p><p>...so, after this round trip, Dr. Gordon Hazard (who was referenced above) would say he still had 100 steers and has 20,000 in his pocket. </p><p></p><p>This is how he would say he made a profit.</p></blockquote><p></p>
[QUOTE="WalnutCrest, post: 1381856, member: 21715"] I think the thought goes like this... 1 -- buy 100 steers for 90,000 and put 10,000 of feed, mineral, hauling, vet bills, and management into them for a total cost of 100,000 2 -- when the calves are at target weight, sell them ... realize 80,000 for the 100 steers 3 -- on the same day, buy 100 more lighter weight steers for 60,000 ...so, after this round trip, Dr. Gordon Hazard (who was referenced above) would say he still had 100 steers and has 20,000 in his pocket. This is how he would say he made a profit. [/QUOTE]
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Is the money ever really lost?
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