Blacks seem
to need a leader
before we can
actually get much
done.
I don't subscribe to
those views, even
though the following
statements appear to
pay lip service to
#5, but in deference
to the thousands
that do, and to also
serve the interests
of the handful who
think as I do, I
have devised the
perfect (in my
imperfectly reasoned
opinion) project
that will include
both groups and
more.
I am going to
unilaterally
(leaders sometimes
have to do that)
open membership to
the Greenwood
Investment Club to a
maximum of 1,000.
To admit the
inhabitants of
Excuses, USA we will
initiate the
following features:
(1) Provide tons of
information to, by
and for our members
on a regular basis.
What information?
Well, that will be
determined by the
questions the
members have.
(2) No money?
Membership in the
club is now set at
ONE DOLLAR AND
TWENTY CENTS PER
YEAR. It would cost
at least THIRTY
cents to send in the
membership fee, so I
recommend remitting
a check or money
order to the
secretary instead of
using credit cards.
In any event, no
funds are to be sent
until at least 500
member have joined.
That should give
everyone a chance to
save up the fee. I
know some will say
"What can you do
with so little cash
money?" and I agree,
but I think once the
ball starts rolling
and some great
project ideas are
presented, some
members will see the
light and choose to
contribute to their
capital account.
Besides, I tried
asking for $120
per year and no
takers so
what have I got to
lose?
(3) The only way to
lose (or gain, for
that matter) money
is to add money to
your
capital account
(Not required) and
have it spent on
unprofitable (or
profitable)
projects.
4. It may take
a village, but that
village will number
no more than 1,000,
and decisions will
be made BY the vote
of "the village"
(should that be "da
hood"?) and every
member's voting
strength will be ONE
VOTE plus his
capital balance.
Just as in the real
world, decisions
will be made by
those with skin in
the game. The more
skins, the more
voting power.
5. I still don't
think we need a
"leader" in order
for us to move
forward as a group,
but as I have said
before intelligent
people do not need
leaders. PROJECTS
and MISSIONS do.
I initiated this
project and until I
resign or get voted
out I will lead this
PROJECT.
Leadership positions
will be selected by
the first 125
members, and on an
annual basis
thereafter.
Individuals
who still need a
leader or don't want
to follow the one we
choose are invited
to ignore this
message and stick
with what you have
that is working so
well for you.
Now, for those who,
like me, don't
relish the idea of
1,000 people
controlling a game
in which they have
no skin (or ten
cents worth at
most):
A. While each member
will have one vote,
members may add to
their capital
account as much or
as little as they
choose, with no
requirement to
contribute anything
at all other than
the original $1.20.
Vote power will be
calculated by
dividing the whole
dollar amount in a
capital account by
the price of
membership (ten
cents). That way a
$1.20 capital
account will have 12
votes and the ten
centers will still
have their one.
Members
will have the
opportunity to
change the
membership fee every
time a vacancy
occurs or every
month until
membership totals
1000.
Capital accounts
will only be used to
fund projects and
club admin costs
will be paid from
membership dues. In
other words, you
MUST contribute to a
capital account or
your voting power
will never rise
above 12.
Also,
when it comes time
to distribute
profits or losses),
the capital account
holders will reap
the benefits or
suffer the losses.
Eighty percent of
any profits will be
distributed among
the capital
accounts, ten
percent to the
membership and ten
percent retained for
admin expenses. This
way, dues paying
members won't have
to worry about the
fat cats
misappropriating
their money and the
fat cats won't have
to sweat the risk
averse members
sharing profits
gained as a result
of THEIR risk
taking. It's a
variation of "No
work, no eat". Or at
least some will eat
burgers (hopefully
steak) while others
will scuffle for the
table scraps.
Everybody
is happy.
All members would
still be able to
decide what projects
to pursue, which
leaders to elect and
what to do with
profits, only the
ones who have money
invested will share
the lion's share of
profits and
everybody else will
get to see how it
all comes together,
even if they don't
participate. The
very least that will
happen is that
everybody learns
something.
I think it is a
brilliant plan. If
you are thinking
this is a screwy way
to do business, that
is the way
corporations and
partnerships do it
all day every day
and into the night.
I watch them through
the keyhole.
It is quite a turn
on.
