Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (65891)	7/4/2005 2:30:55 AM
From: shades	Read Replies (1) of 74559

"So how would you ban a savvy investor from the Wall Street house?" The SEC is supposed to lock up insider traders who have more info than the market - Ken Lay got banned no? It is a disgrace the amount of savvy investors with inside info that are beating the markets. I saw so many people at IBM get rich from insider trading - look here on SI - our very own Anthony at Pacific fell to the darkside. I remember back in 98-99 how many thought he was a money making guru. From an aggregate scale according to Mr. Monty you change the rules to put the probabilities back in your favor - you don't ban vos savant and friends from playing lets make a deal if that is the only contestants you have - you just don't give her the option to switch doors. Keeping her odds down to 1/3 over time. Of course Vos savant and friends probably wouldn't play if they couldn't win over time - so Let's make a deal would go off the air if that were the only contestant they could find. An ignorant contestant is the only thing making it work long term. Phil says why should a stock move between earnings announcements and news? What did gordon gecko say - its a zero sum game, for you to win MOO - someone else has to lose money - after the trading house collects thier fees and expenses of course. What was it kaultbaums favorite movie trading places said - wether you win or lose - we make money - hehe. Once they pile up a few hundred million get them investigated for insider dealing or something? It would make more sense to invite them on board... Haha - certainly! I remember a lot of people who hated working at IBM, they were there for ONE reason, to get inside info and make illegal trades a la gordon gecko. Over time thier work perfomance was pathetic - but thier bosses were making money listening at these guys stock picks so they kept them on, if anyone went down, it would be these guys - not the bosses - everyone knew what was going on - most just adopted a don't ask don't tell policy. Is there a reason all this news on wall street coming out about all these crooks does not make you take pause? Is that how desensitized world citizens have become to corruption and crooks? I don't believe there is a conspiracy. Mr. Phil disagrees with you, Bre-x investors disagree with you. RMIL investors disagree with you. Anthony at pacific readers disagree with you. IM CLONE investors disagree with you. Enron investors disagree with you. Conspiracies and crooks are all around you Moo - many right here on SI over the years. I disagree with you MOO - there is a lot of corruption all around you - what was it Mr. Al Capone said about wall street - he won't invest there because those guys were bigger crooks than him - HAHA! I don't think long term casino's or lottery tickets are good for my redneck buddies, I don't think long term wall street is good for the aggregate citizen either - Mr. Bush disagrees. I think wall street used to be about giving money to companies that could do good and paying dividends to thier investors - these stocks that don't pay dividends for decades trading back and forth - just insane! I really like Slagle's strategy, core in dividend paying stocks trading the fringes of his money on speculative guesses. Investors-speculators like Soros-Druckenmiller got rich until their funds got too big to operate effectively. And I certainly don't think he ripped off his investors. The research does show small is good. nytimes.com Bill Gates said a long time ago big companies with big money were just too inflexible - he predicted this for his own company 2 decades ago. Thinking about conspiracies (e.g. the slogan "think like a criminal" which a certain SI-er coined) are just ways to prevent oneself from succeeding IMO. Or maybe to justify ones lack of ability. I don't understand what you are getting at, the ones I have known that thought like a criminal and acted like one made out like a criminal, lots of easy money with very little effort or production of wealth. They did not underperform, they greatly outperformed if you measure performance by the size of the bank account. Look Vos Savant made out like a bandit playing the markets over 5 years - it is very hard to find any info about her in this regard from a standard goog search. For most they need to play the markets from the perspective of a loser's game and index. General Chen is promoting those gold pandas - not GOOG stock and dollars eh? Carl Fox: Stop going for the easy buck and start producing something with your life. Create, instead of living off the buying and selling of others. How many here invest to create real societal wealth and not just personal gain - that Raymond guy probably only buys vice stocks vicefund.com - hehe. General Chen buying gold coins helps how many starving poor in Africa? You and Me shorting goog stock helps how many dumb rednecks going long BOOYAH style - hehe.

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