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Is the money ever really lost?
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<blockquote data-quote="Stocker Steve" data-source="post: 1381888" data-attributes="member: 1715"><p>Not sure we all agree on how to measure profit. Seems to be a lot of denial and incomplete cost calculations in the cattle business.</p><p></p><p>Under some conditions -- success is staying in the game. No loan restructuring nor bankruptcy lawyers.</p><p></p><p>There is no way to avoid an occasional hit to your net worth. Some babble about various theories and always selling out at the top, but how many saw mad cow coming?</p><p></p><p>So a sell/buy commodity cattle trader may lose net worth during large market drops, but still be able to buy back a lower class of animals, and thus keep the pasture stocked. :cowboy:</p><p></p><p>Stock flow = Cash flow .</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1381888, member: 1715"] Not sure we all agree on how to measure profit. Seems to be a lot of denial and incomplete cost calculations in the cattle business. Under some conditions -- success is staying in the game. No loan restructuring nor bankruptcy lawyers. There is no way to avoid an occasional hit to your net worth. Some babble about various theories and always selling out at the top, but how many saw mad cow coming? So a sell/buy commodity cattle trader may lose net worth during large market drops, but still be able to buy back a lower class of animals, and thus keep the pasture stocked. :cowboy: Stock flow = Cash flow . [/QUOTE]
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Is the money ever really lost?
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