05-14-2014, 12:38 AM
LOL ...... Palm, you have me there with the " being picky about information being so-so-so spot on and not give leeway to information that may not be fully correct ". 
What I was being so anal about when I made that above famous statement dealt with just the facts of "information should be correct and not used out of context" .
Perceptions and the manipulation of that perception is what makes a market. For every buyer there has to also be a seller, and their respective perceptions (not always, but usually) have to be different to each other. Where IOC shareholders have gotten burned is in the poor handling by past management of how peoples perceptions of IOC got manipulated/managed. It was a failing of management in how these thoughts/estimates were released.
I agree with you that Hession is a step in the right direction for IOC, and we are lucky to have a person of his calibre running the company.
PS, I apologise in advance if anybody should take offence to some of my colourful Australian choice of words. I just realised that some of the words may have inappropriate meanings in some of the other English languages.
What I was being so anal about when I made that above famous statement dealt with just the facts of "information should be correct and not used out of context" .
Perceptions and the manipulation of that perception is what makes a market. For every buyer there has to also be a seller, and their respective perceptions (not always, but usually) have to be different to each other. Where IOC shareholders have gotten burned is in the poor handling by past management of how peoples perceptions of IOC got manipulated/managed. It was a failing of management in how these thoughts/estimates were released.
I agree with you that Hession is a step in the right direction for IOC, and we are lucky to have a person of his calibre running the company.
PS, I apologise in advance if anybody should take offence to some of my colourful Australian choice of words. I just realised that some of the words may have inappropriate meanings in some of the other English languages.