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Politics : Ask Michael Burke
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To: Kapusta Kid who wrote (89037)1/30/2001 3:13:14 PM
From: Freedom Fighter  Read Replies (1) of 132070
 
Pete,

I agree with every word you said.

I have the exact same feelings about betting stocks and horses in terms of the choking point. I can bet much more on stocks without feeling a thing. For me I think it has to do with streaks and confidence. It's much easier to feel confident in a business's prospects than a horse's. :-) And no matter how good you are at the track you are vulnerable to long losing streaks that are emotionally draining - even when the amount of money isn't that significant. Perhaps it's an ego thing.

I also agree that there are a lot of different paths to profitability. But they all have one thing in common - knowing when the general public is making a mistake on the board.

Wayne
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