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Is the money ever really lost?
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<blockquote data-quote="WalnutCrest" data-source="post: 1381877" data-attributes="member: 21715"><p>The next year ...</p><p></p><p>He sells 100 larger steers for 110,000 (after having put 12,000 into them...and buys back 100 steers for 90,000.</p><p></p><p>He still has 100 smaller steers (just like in the first year), but now he has 20,000 plus 38,000 (from the second year) in his pocket. </p><p></p><p>The third year, he sells larger steers for 100,000 (after putting 8000 into them) and buys 100 small steers for 90,000.</p><p></p><p>He still has 100 small steers and now has 20,000 plus 38,000 plus 2,000 in his pocket after three years. </p><p></p><p>In Dr. Hazards case, he plowed the money he made into more land and more cattle and lived off his income as a vet.</p></blockquote><p></p>
[QUOTE="WalnutCrest, post: 1381877, member: 21715"] The next year ... He sells 100 larger steers for 110,000 (after having put 12,000 into them...and buys back 100 steers for 90,000. He still has 100 smaller steers (just like in the first year), but now he has 20,000 plus 38,000 (from the second year) in his pocket. The third year, he sells larger steers for 100,000 (after putting 8000 into them) and buys 100 small steers for 90,000. He still has 100 small steers and now has 20,000 plus 38,000 plus 2,000 in his pocket after three years. In Dr. Hazards case, he plowed the money he made into more land and more cattle and lived off his income as a vet. [/QUOTE]
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Is the money ever really lost?
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