I want to buy a used car and I am also selling a used car. Here is what I plan on doing.
The car that I am selling is not in very good shape. However, I am going to polish it up and say a lot of great things about how many more miles it should be good for. I want the buyer to step up and pay top dollar for my old car. I will gloss over the bad engine seals, the worn disc brakes, the rusted undercarriage and electrical things that stopped working years ago. I will have the car looking good and my words will be full of praise. I will spend 150 bucks to have it detailed and pass the mechanical defects on to the buyer.
The car I am buying is in very good condition. But, since I am BUYING this one, I am going to point out every fault. I will go over that car with a fine tooth comb, demand the owner produce ALL records of maintenance and repairs. If the tires are not new then I will point that out. I will activate every switch on the dash to make sure it does what it is supped to do and if something is not working then I will not be sheepish about pointing out these defects to ensure that my seller starts to come off his price.
So. The car I am selling is a collector's dream and spent no time in the shop. The buyer will be made to feel LUCKY that this deal just fell into his lap. The car I am buying is a POS that I MIGHT be kind enough to take off your hands for about 60% of what is being asked.
Any of this sound familiar?
Wow - your thinking amplifies what is wrong with the current status quo - honesty and integrity should prevail; never under-estimate your customer! Your example reflects the things you/ we complain about re the market(s), analysts and AP's current predicament, etc!! Yes, I agree, there will always be a fool willing to fall for your smooth argument but, in all honesty, educate the fool and if he/ she is willing to learn we will all be the better for it. Surprised you got the thumbs up x 15 at this point in time.
lol........reminds me of a family considering purchase of a home with a beautiful backyard swimming pool which took up majority of backyard space. they argued for decrease in asking price based on notion,,, the family "does not swim, don't like swimming pools, it took away the entire use of any backyard activities they might otherwise enjoy..............and of course the family did purchase that very house. (no im not a r.e. broker)
yep, here are the top 4 companies trying to sell you some vvus, clearly they are working with their buddies to unload
Holder Shares % Out Value *Reported
First Manhattan Company 9,409,714 9.33 118,374,202 Jun 30, 2013
Passport Capital, LLC 8,505,148 8.43 106,994,761 Jun 30, 2013
QVT Financial LP 8,346,697 8.28 105,001,448 Jun 30, 2013
Vanguard Group, Inc. (The) 5,569,239 5.52 70,061,026 Jun 30, 2013
the you have Credit Suisse, which trashes us while at the same time they have been buying hand over fist.
look at what they do...
Sentiment: Strong Buy
Do you think I should talk down the car I am unloading?
Do you think I should fawn and fall all over myself in praise of the thing I am trying to negotiate for a better price?
You talk down the thing you WANT. You talk UP the thing you want to SELL.