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Technology Stocks : eBay - Superb Internet Business Model
EBAY 87.47+0.1%3:59 PM EST
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To: paulmcg0 who wrote (4824)8/10/1999 11:30:00 PM
From: J. C. Dithers  Read Replies (1) of 7772
 
"I think your average investor is a sheep waiting to be shorn or slaughtered if they think Wall Street is an honest place."

Well, I'll wager that "your average investor" today is person pretty much like you and me -- a John/Jane Doe who trades over the web through a Fidelity, NDB, e-trade, etc., who navigates fairly well through DD resources as good as any available to a broker, who is well-informed about the scoundrels and scammers who operate wherever money is involved, and who makes his/her own thoughtful investment decisions and takes responsibility for them. A pretty representative sample of "your average investor" are the guys and gals who hang out right here on SI. To be an "investor" in the first place requires that you have accumulated--somehow--at least a modest amount of wealth; not likely in the case of sheep, greater fools, or persons who are clueless.

I would further wager that "your average investor" has done pretty damn well in the stock market this year.

However, it seems to give you comfort to believe that there is an amorphous mass of humanity out there who (unlike yourself) are losing their shirts because of their stupidity and gullibility. It reminds me of a quotation that goes something like, "I fear that everyone is mad save for thee and me ... and sometimes I wonder about thee."
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