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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (59965)4/30/2006 11:59:55 PM
From: ild  Read Replies (8) of 110194
 
Nickel Slots
On the rare occasions when I've been to a casino, you'd have found me somewhere in the back, playing the nickel slots next to somebody's grandmother. Now, there are lots of activities in life where skill, effort and knowledge have an impact on the outcome. So it often makes sense to try even where others might fail. But if the odds are against even a skillful and knowledgeable person exerting a solid effort, it makes sense to walk away.
By John P. Hussman, Ph.D.
hussmanfunds.com
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