Electoral College 2000 - Ahead of the Curve Message Board

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Politics : Electoral College 2000 - Ahead of the Curve

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To: DismalScientist who wrote (6426)	12/17/2000 8:21:19 PM
From: chomolungma	Read Replies (1) of 6710

I was an Economics major and am now an Economics professor and I bet my trading success has not been any better than yours. I don't mean to judge, but I'm guessing the root of the problem lies in one telling word, "trading." Trading in and out of stocks is a fools game, IMO. I have known very, very few successful traders. On the other hand, I know many successful investors. Ben Graham begins his famous work, "The Intelligent Investor" with a distinction between investing and speculating. While I believe that speculation has its place, average people should stick to investing. Trading, as it's known today, is nothing more than Graham's speculating, although most of Wall Street fails to distinguish between the two. It's funny that today people consider long-term investing to be riskier than in and out trading. If you watch CNBC you'll get the impression that you have to have up to the minute alerts and Level 2 quotes to make money. The way I see it, the ones who stand to make money are the brokers and those who run the trading casino. This is about to change...

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