aatkinson -
I don't think you understood Craig's statements... if you had, you would see that the Vegas analogy looks more like this:
The guy goes to Vegas with $1000, and doubles it to $2000. He cashes in enough chips to get his original $1000, and sticks it back in his wallet! Then he plays on the other $1000 the rest of his trip. Now, no matter what happens, he can't lose his original investment.
Not only did you misunderstand the concept, you blew it way out of proportion by letting the guy in your analogy take $1000 to $1,000,000. The guy doubled his money ten times, and didn't protect any of it??
Craig, you didn't double your investment TEN times before you took YOUR winnings out of the market, did you? If you did, will you be my financial strategist? :-)
Loren |
