Jay, I certainly would not attempt to argue with your numbers.You are speaking of prudent money management. And most would agree that this is a good thing.
In the last five years or so I have made and lost close to $500,000 starting from less than $50,000 ......three times.[Well currently I am at the sweet spot so the lost part is only two but give me a little more time ] I know that this is chump change to many here But to a working stiff such as myself it has been fairly stimulating ......OK,OK.... It's given me reason to live.
Thus as you can guess I have little use for nor do I understand "prudent" money management.
<<I need to win, just as gloriously, but, differing from you, I want to do so with as little dramatic fireworks as possible. I prefer to do without the clash of risk vs. reward>>
Sad to say upon introspection I don't seem to feel that way. It appears that the risk is as great a part of the fascination as the reward for me......Perhaps if I believed in voodoo I would see a shrink.
So you see I must stand by my assertion that a 12.5% supposedly safe bet is boring.....Perhaps prudent.perhaps wise. But boring nonetheless
I'm sure you recognize the reference to "match sticks" is from "The Money Game".......Money,said Adam Smith "is just the way we keep score." I love to play the game for the playing of it.Win or lose my lifestyle doesn't change.No matter if I'm on top or bottom after the market close at 1:00 and on weekends I go out and do construction.
<<Diversification is for folks that want to be on a par with the market.>>
"is not reasonable and not prudent."
Himmmmmm...that word again.Perhaps I should have said that diversification is for folks who want to be closer to market performance than to just what their own market sense would bring.........more or less depending upon amount of diversification.....This doesn't sound like much fun to me.
As to ORCL, CSCO,etc. never owned'em never will. Dunno what the hell they will do.....Don't care.
New Bull, new leaders.
Gold?,Platinum?... Why is it different now than a year ago, two or three years ago?......Still don't see it........Maybe someday |
