Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Mad2 who wrote (3122)	10/21/2000 1:48:16 AM
From: EL KABONG!!!	Read Replies (1) of 3543

Mad2, Whether we like it or not, your average Joe-on-the-Street investor perceives stocks as "good" and "bad". In general, "good" seems to apply to large-cap, big name stocks, and "bad" seems to be any stock with any perceived risk to it. Unfortunately, most folks have no real clue as to what risk actually is. I know of people that cannot define market risk, sector risk (or industry risk), specific risk and time (as a risk factor), yet they plow money into stocks based upon what they read in a magazine or see on television. Why bother to read a prospectus when someone else can do the work for you and tell you exactly what to do and when to do it? <g> KJC

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