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Politics : Mainstream Politics and Economics
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sm1th
To: koan who wrote (53009)9/15/2013 9:15:01 PM
From: average joe1 Recommendation   of 85487
 
I lost it. But the gamble I made was thought out and I don't regret it.
I would like to know what type of research you did that was "thought out".

The coal turned out to be low quality and worth ZERO. The company that found it carries it on their books as a liability not an asset. Even if it was high grade coal it was covered by a 100 metres of unconsolidated overburden in a swamp. It would have taken decades to hit the market plus it was in an area considered environmentally sensitive.

If your mining research was "thought out" I can only question your thoughts on politics and philosophy.

Investing in a stock without earnings is no different than playing poker. I do it all the time but like the casino suggests don't play with more than I can afford to lose.

Don't see much being thought out in your critical review processes.
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