SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Madharry who wrote (31974)9/12/2008 11:09:37 AM
From: Grommit  Read Replies (1) of 78582
 
My initial comment was a bit tongue in cheek, but your question is valid.

I really do have a friend who has never worked for a living. He has played poker for 35 years. Two or three times a week. He will not own a stock and has told me that he "would rather invest in a pair of queens than in the stock market." Well, you invest in what you know.

>> I suppose if you can tell me where the line is drawn between investing and speculating, <<

How would B. Graham answer that question?

me:
Maybe the line is drawn with the degree of uncertainty of the bet/investment?

Or maybe it is related to the type of wager. Your original posting talked about weighing the odds of BK and losing all your investment vs no BK and a 4 bagger. If the odds are 50-50, take the bet, you suggest.

But betting the odds on a BK is fundamentally different than betting on fundamentals.

Maybe it depends on if your BK analysis is predominantly based on fundamentals or gut?


who knows?
grommit
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext