Re: Investing vs. gambling. Everyone's entitled to their point of view, but I have to wonder, where do you draw the line between the two, or is there a line at all? What action can one take these days with regard to stocks, options or commodities that isn't "gambling" in some sense? Even staying out completely is a gamble on missing a big move one way or the other.
Getting back to an earlier point, what I think some of us want is a "bet" where winning and losing can be strictly defined. Specifically, no more excuses about "just being off on the timing". As the man you lovingly refer to as AZW3 puts it, in the real world, "early" is just another word for "wrong".
For example (borrowing from another popular SI figure), I will gladly wager $50 vs. a six-pack of Pepsi One from you that DELL remains above $15 through the close on Dec. 21, 1999. That's three times your publicly stated target and longer than the average interpretation of your usual vague time frame. We are relatively local to one another so delivery should not be a problem. I'll even weigh the terms more in your favor if you wish.
So it comes down to this, do you want to show us you are willing to stand by a call all the way, or is never having to admit being wrong more important to you? Your choice. |
