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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (87565)12/27/2000 8:42:14 AM
From: Freedom Fighter  Read Replies (1) of 132070
 
Mike,

>>I will look at a horse with morning line odds of 20 to one and say, "that looks like a lot better horse than that." Then I'll look at the tote board and see it is already at 3-1. I expect that to happen in stocks, too, but investors aren't as smart, or is it quick, as handicappers. <g> <<<

I agree. :-)

My guess is that handicappers that aren't value oriented get blown away very quickly because of the take. They either quit or remain small bettors.

Stock investors that aren't value oriented can continue to play because of the long term upward bias of the stock market. Not so smart people can continue to bet huge sums for a long long time using whatever method they want. They just won't beat the averages.

Wayne
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