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Politics : Ask Michael Burke
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To: Night Trader who wrote (95558)4/18/2002 12:11:57 PM
From: Knighty Tin  Read Replies (1) of 132070
 
mk, Great article. He is one of the few people who likes OTM options. Also, he is one of the few who believes, as I do, in the luck factor of investment gurus. He used the number 10,000. If 10,000 investors do radically different things in the markets, at least one is likely to be a big winner over the long term. Often the theories of how they invest take hold after they've made the money. That is also a reason why I dislike indexing and closet indexing. No big winners, no big losers on a relative basis. Just mind-numbing mediocrity as far as the eye can see. <g.
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