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#11
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Paul was a regular poster on the newsgroup rec.gambling.poker for many years until he quit posting several months ago. Here is a link to his complete listing of posts (1390 total) using Google's Advanced Group Search.
These are worth reading (although you might want to go back to Google's Advanced Group Search and organize the posts by year). Before he was a dot-com millionaire, he appeared to be a regular wage earner playing part time at Bay Area casinos and beating the living heck out of the low, middle and later higher limit games. IMHO his posts are consistently interesting and often intelligently counter "conventional wisdom". I didn't get into reading him till later because I got him confused with about three other RGP posters with the same last name. After quitting RGP, he put most of his poker content on his live journal. This is also worth bookmarking and reading, including the non poker content (for example, Paul's recent thoughts on the vulnerabilities of all computer systems to serious virus attacks (e.g., by a terrorist) are truly scary and he should know his stuff given his background. ~ Rick |
#12
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[ QUOTE ]
Demand drives supply and vice versa. [/ QUOTE ] No, demand drives the quantity produced for any given supply curve. It does not drive supply. (Supply != quanitity produced.) |
#14
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Paul,
What exactly did you do in the "dot com" business? Start a site? Create software? Create hardware? Just curious. |
#15
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[ QUOTE ]
I would personally LOVE to hear how supply and demand are not interelated? From my recollection that is one of the first theories that is beat into your head in micro and macro. Demand drives supply and vice versa. [/ QUOTE ] The claim was that supply does not affect demand. The response was an example of how demand can affect supply, i.e., a non sequitur. |
#16
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yes, supply and demand are indepenant, but value is related to both.
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#17
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I think the point here (in plain english) is that you can make a whole lotta stuff, but if only 10 people want to buy that stuff, having all that extra stuff isn't going to change anything.
If a used car lot stocks up on puke green gremlins, that doesn't have any effect on the demand for puke green gremlins simply because there are a lot of puke green gremlins available. |
#18
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I looked around and Paul was with go2net.com and betting if I recall he was CIO - Chief Information Officer or similar and InfoSpace bought them out, visit the site, it's a search engine crawler.
I read some old circa 2000 emails from Paul related to routers and networking, he was having trouble with a Thinkpad 570 and networking issues, but that's for another forum. LOL! >TW< CNE/MCP/life long geek |
#19
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For a moment I thought you were referring to the people on this forum, who "try" to sound smarter than they really are. Usually by trying to replace commonly known words with little-used ones, just to seem more intelligent...
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#20
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because the supply is so small. Simple economics. [/ QUOTE ] And he has a monopole. We need more actors in the Paul Philips market. |
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