GM,
Gotta disagree with the football analogy. A football game has set
rules and impartial officials making sure that both sides have an
equal chance. Football also is a short term event which is played
only by experts who get paid regardless of their performance (much like fund managers). INVESTING, on the other hand, is a self capitalized,
risk oriented, unofficiated, free-for-all with much uncertainty and
questionable rules that anyone with the money can participate in. It
is more like gambling than sport and can have huge rewards or losses
based on timing, rationalization, and luck or misfortune (as the case
may be). It is the game of financial life and risk/rewards. Sometimes
the downside potential doesn't justify the risk and sitting on the
sidelines or in "safe haven" investments is preferable to taking
an unnecessary chance of losing ones' hard earned stake. I, for one,
am not willing to bet my position on the flip of a coin. This is life,
and if it is played like a game, I want to be the dealer and see all
the cards to make sure I have a more than equal chance before committing MY money.
Just my opinion,
BB |
