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The WAYWT Discussion Thread - Page 3430  

post #51436 of 117670
Quote:
Originally Posted by miran View Post

Not sure if you know much about finance, but in 1985, they were the first company in the world to use a futures contract...and they used it in the way it was meant to be used, to avert risk. They basically had a futures with a cooperative of New Zealand merino wool farmers, and fixed on a price for the following season. They have done this ever since. This way at least, they are not totally at the mercy of the market. Futures have since gone to hell and abused left right and center and partially responsible for disasters in the recent crisis (RyanAir, etc.). Their story is like a one-family struggle to keep traditions and quality alive in the face of monsters like JCrew and GAP.

Hahaha, what?
post #51437 of 117670
can we ban this troll already?
post #51438 of 117670
Quote:
Originally Posted by miran View Post

Thump thump.....Thump thump....

lol, when I first read this, I immediately and impulsively envisioned miran getting ganged-up by some of the more annoyed members here in the corner of a room. rolleyes.gif
post #51439 of 117670
Quote:
Originally Posted by BrizaBirch View Post

saturday at our steven seagallery art show
528 Warning: Spoiler! (Click to show)
i'm wearing geller glasses/ann/geller/and mr hare blue salmon king tubby specials
samples of the fine, fine art pieces... Warning: Spoiler! (Click to show) Warning: Spoiler! (Click to show) Warning: Spoiler! (Click to show) Warning: Spoiler! (Click to show)
http://i.imgur.com/meFNjh.jpg other nudity ensued in front of our display

that knit is so gorgeous.. where can i get my hands on it
post #51440 of 117670
blah blah blah.
post #51441 of 117670
Quote:
Originally Posted by thatguymj View Post

Quote:
Originally Posted by miran View Post

Another John Smedley polo. Buttonless, Skipper collar. This time paid for by myself.
2388260760072357682S600x600Q85.jpg
2475356480072357682S600x600Q85.jpg

Sorry, that polo looks horrible and is not flattering with your body type. i.e it accentuates your gut, love handles, and moobs.

I once worked a store that carried Smedley and its basically stuff for old men who think expensive = looks good. It's cut horribly and not very stylish, imo. The knits are excellent quality wise, but don't look good worn.

17025664fc60fefc0fa4a313fb6db08f5cac4e4.gif
post #51442 of 117670
Quote:
Originally Posted by christos View Post

beautiful weather is gone
6209780806_2691ed2837_z.jpg
6209780818_8999d39c90_z.jpg

looks good ese.
post #51443 of 117670
600

TOJ
Silent
Odyn Vovk
Robert Geller
Raf Simons

Same shit
post #51444 of 117670
Quote:
Originally Posted by miran View Post

What store was this that carried Smedley? The fabric (sea island cotton in my case) is the softest shit I have ever felt...softer than any cashmere...plus the shirt weighs like a feather!
Were these old men once 60s mod types who wore Smedley then when it was the in-thing, and are old men now? Curious, coz I am 30 but still obsessed with this company. Like you said, their quality is top-notch. They pride themselves in that everything from the raw cotton (or wool) spinning, knitting and finishing all happens in England. They ran at a massive loss in 2002, 2003, and 2004. In 2004, they brought in consultants, who told them to outsource or perish. They refused. They cited that outsourcing would only make their clothes 8% cheaper. They changed management. I think they were hit again by the 2008-9 disaster. Not sure if you know much about finance, but in 1985, they were the first company in the world to use a futures contract...and they used it in the way it was meant to be used, to avert risk. They basically had a futures with a cooperative of New Zealand merino wool farmers, and fixed on a price for the following season. They have done this ever since. This way at least, they are not totally at the mercy of the market. Futures have since gone to hell and abused left right and center and partially responsible for disasters in the recent crisis (RyanAir, etc.). Their story is like a one-family struggle to keep traditions and quality alive in the face of monsters like JCrew and GAP.

I'm not sure why you think they're the first company to hedge with futures. The Chicago Board of Trade has been listing futures since the 19th century, and futures and forward contracts were around even earlier than that.

And to keep this post on topic: that polo shirt is hideous. I hope you're just a next-next level troll.
post #51445 of 117670
Quote:
Originally Posted by humeee View Post

I'm not sure why you think they're the first company to hedge with futures. The Chicago Board of Trade has been listing futures since the 19th century, and futures and forward contracts were around even earlier than that.
And to keep this post on topic: that polo shirt is hideous. I hope you're just a next-next level troll.

Well, you're right in that the CME traded futures for grain and cattle and shit like that in the 19th century....and yeah, historians claim that samurai traded in futures for rice off their land and whatnot and that was the first futures trade example...what I meant to say was Smedley were the first independent company to enter into a futures contract with another party (and a farming cooperative, no less)...a textbook example of futures, if you will. Most of the similar trades since have been disasters....the government of Chile through much of the early 90s, RyanAir in 2008, etc etc.

Why the hell do you think I'm a troll? That really is my shirt! And I really do love John Smedley. Why do you think it's hideous?
post #51446 of 117670
Because the physique underneath it is hideous.
post #51447 of 117670
Quote:
Originally Posted by miran View Post

Well, you're right in that the CME traded futures for grain and cattle and shit like that in the 19th century....and yeah, historians claim that samurai traded in futures for rice off their land and whatnot and that was the first futures trade example...what I meant to say was Smedley were the first independent company to enter into a futures contract with another party (and a farming cooperative, no less)...a textbook example of futures, if you will. Most of the similar trades since have been disasters....the government of Chile through much of the early 90s, RyanAir in 2008, etc etc.
Why the hell do you think I'm a troll? That really is my shirt! And I really do love John Smedley. Why do you think it's hideous?

...
post #51448 of 117670
Quote:
Originally Posted by miran View Post

Well, you're right in that the CME traded futures for grain and cattle and shit like that in the 19th century....and yeah, historians claim that samurai traded in futures for rice off their land and whatnot and that was the first futures trade example...what I meant to say was Smedley were the first independent company to enter into a futures contract with another party (and a farming cooperative, no less)...a textbook example of futures, if you will. Most of the similar trades since have been disasters....the government of Chile through much of the early 90s, RyanAir in 2008, etc etc.
Why the hell do you think I'm a troll? That really is my shirt! And I really do love John Smedley. Why do you think it's hideous?

It's ugly as sin and you're using an obscure economic factoid to justify looking terrible.

263
post #51449 of 117670
Quote:
Originally Posted by meso View Post

It's ugly as sin and you're using an obscure economic factoid to justify looking terrible. Warning: Spoiler! (Click to show)
263

What's on trial here--my physique or Smedley?

You can crucify my body but don't diss the Smedley....

On the model, it looks like this:
41MLOdUSzTL._SL500_AA300_.jpg

http://www.amazon.co.jp/gp/product/B004JLMIAQ?ie=UTF8&tag=mskend-22&linkCode=as2&camp=247&creative=7399&creativeASIN=B004JLMIAQ
post #51450 of 117670
^^ Not mutually exclusive choices.
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