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> 5. Never put "Standard Oil" trades in writing This is good advice?

• arethuza 11y ago
  If you are Standard Oil and are vastly larger than whoever it you are trading with, have a huge legal team and no doubt some friendly judges handy. Mind you - I have worked with very senior people who would avoid putting things in writing and then a few months later always have a notably different account of conversations than I did. At first I thought I was actually forgetting things until I realised it's a trick used by overly political types.
  • meric 11y ago
    The one time I forgot to tell my boss to put that bonus he said he will offer me, in writing, I never got it. Ugh.
• WavingThe44 11y ago
  The list (and book) was written by a guy who suffered from his financial dealings with Standard Oil and he is essentially explaining how they were able to get him over the barrel. It is a very cynical list.
  • 77pt77 11y ago
    That makes a lot of sense. Thank you.