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Pastimes : Long term buy and hold suffering

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To: Cogito Ergo Sum who wrote (5)	9/9/2002 9:44:55 PM
From: Raymond Duray	Read Replies (2) of 63

ETYMOLOBOTOMY A conflation of etymology and a lobotomy. A word that may now walk...... like the one I'm going to share. Many of us have heard the term "lame duck" applied to a politician who cannot be re-elected. But did you know that the origination of this term was from the world of speculation? According to Edward Chancellor, in "Devil Take the Hindmost" he says that the term was coined at the end of the South Seas Bubble in London, circa 1720. As the bubble of speculation in government bonds came crashing down around around the heads of speculators who'd lost most if not all of their money (Sir Isaac Newton made 10,000 Pounds on the way up and then lost 20,000 Pounds in the end, a princely sum at the time) they would be seen exiting Exchange Alley, the location of the coffee houses where most of the securities were "exchanged". As the glum and defeated men left the alley, one local wag commented that they looked so forlorn, with their tails between their legs that they looked exactly like "lame ducks". True story. Cheerio! Out in April, 2000. No regrets.

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