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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (3677)2/20/1999 9:38:00 AM
From: Pied Piper  Read Replies (3) of 57584
 
You make a really interesting point here, one that has been dawning on me lately as I start to learn more about how the market works. (I wouldn't call myself a newbie but definitely a novice). However, of course, there are opportunities to make money in ANY market, just that in a bear market there are fewer chances for big hits, long or short.

A piece of "conventional wisdom" that has been bugging me lately is the notion that everybody can win in the market. Now looked at in a global sense there is some logic to it, as the general trend of the market in the long term seems to be upward (some disagree even with this). However, on a stock by stock basis this cannot be the case. Even a Microsoft has a life cycle and somebody will be left holding the bag. If one is uncomfortable with the notion that one's gains in the stock market come at somebody else's expense, then maybe one should go into fixed income investments. This faulty "everybody wins" thinking is the same thing that has led to the proliferation of chain letters and pyramid selling.

PP
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