The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Greg Hull who wrote (9865)	9/6/1997 1:16:00 PM
From: Andrew	of 29386

OFF TOPIC "Wealth, unlike energy or momentum, is not conserved. It can be created .... spontaneously." I believe the law enforcement agencies frown upon the spontaneous creation of wealth... <g> unless you're Alan Greenspan...but even that has inflation implications I guess (I'm no economist). But that aside... wouldn't you agree that any money you receive came out of someone else's pocket? Your scenario sounds like a Ponzi scheme! You know, the "Greater Fool" syndrome... I suppose if you treat the United States economy as a system, you could spontaneously add "kinetic" wealth by injecting foreign capital...but isn't that analogous to spontaneously adding potential energy to an "automobile" system in the form of gasoline? That doesn't violate the law of conservation of energy! Your gas came from someone else's supply! A stock can't rise infinitely... at some point the entire global wealth would be represented in ANCR's market cap, and there'd be no money left to buy FC switches! <g> Maybe for a short period of time everyone could come out ahead, but not for long! He was thinking that each buy or sell decision represents a guess that the stock will appreciate or depreciate following the trade. On that basis, one decision will always be wrong if everyone always holds for the same period of time. That's a pretty big assumption. I guess it's reasonable to treat the stock market as a system into which wealth can be spontaneously added...but at some point it's going to be spontaneously removed as well! Sorry to babble like this, but your debunking of the zero-sum game got the wheels turning...maybe you could say "Stock market capitalization is not conserved". Meanwhile, back to your regularly scheduled ANCR thread... Andrew

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