Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (28172)	1/29/2003 10:55:54 PM
From: LLCF	Read Replies (1) of 74559

<What is important is that America provides a way for smart, hardworking people, entering the workforce with nothing but their wits and their energy, to have a way to earn ownership of a significant share of the productive assets of the economy. Broadspread ownership of our productive assets is the surest, safest way to a rising standard of living and political stability.> Since an options can simply be replicated by holding common shares and a riskless asset [Eugene Fama], this is a non-issue. Sounds good though: <<In America, stock options are the modern equivalent of the Homestead Act>> Riiiiiiiiiight. DAK

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