<Funny that owning common stocks moves away so much from the concept of owning a piece of a business and so toward shooting craps on the sidewalk.>
Oh really? Just ask the proud owners of Cendent, Nike, Iomega,
(John Mansville?), who bought their stock long and had the money
wrested from their hands, taken out of their babies mouths.
And with nary an apology from the companies! Outrageous!
You may argue that Lucent will never undergo such a cataclysmic
fall as those others, and you very well may be correct. However,
we the investing public are not privy to that kind of information
until it's too late.
But I also see your point, if you bought 10 grand worth of Coke, Mobil, Wal-Mart 20 years ago and forgot about, hell, you'd be very rich today. But who's got time for that, baby needs a new pair of shoes! <g> |
