rrman: Re: SG investment "game"
Very interesting. Can you spell "pyramid scheme" ???
Theoretically, for the "stocks" to continue going up each month, any new players to the game will be paying more for stocks than the older players. Continually rising prices. What a concept! Except that, sooner or later, there won't be any new players willing to pay an outrageous price for the virtual stocks, so the most recent purchasers will be stuck holding the bag. Just like in the real stock market. Unless, of course, you subscribe to the "greater fool" theory.
I was intrigued by the opening paragraph from the "Ideology" section: (the bolding is mine, the text is verbatim)
"At first sight it might appear that in contrast with a real sock exchange with its real stocks of real companies, SG, the Virtual Stock Exchange with her unreal virtual shares of virtual companies, represents something that is not serious and deserves no due attention as an object of possible investments"
Well, wonderful! I finally have a place where I can exchange those ugly socks I got last Christmas. Now, if I can just find somebody who likes argyle ...
Secondly, I notice they characterize the SG Virtual Stock Exchange as feminine. Elsewhere in the text they mention that the stock prices aren't affected by external forces. Well, folks ... most feminine entities are cyclical in nature. Ahem ...
TED
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