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Politics : Bill Clinton Scandal - SANITY CHECK
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To: Lizzie Tudor who wrote (45424)5/4/1999 10:51:00 AM
From: Johannes Pilch  Read Replies (2) of 67261
 
>You said you still wanted to know how much amzn I owned, and that you probably have more shares than me. (I posted those links in a prior post).<

Michelle this is a remarkably stupid post. Do you actually not understand JLA's thrust? It concerned credibility-- your credibility. The statement was a slight against your repeated and specific declarations of your alleged wealth. JLA sarcastically claimed he likely has more shares of Amazon than you because he believes you have little or none. It has been my experience that people who actually throw around numbers concerning their wealth typically have little or no real wealth at all. So I do not believe you have 2 millions of Amazon either. Indeed, I do not believe you have 2 millions of anything of value.

Additionally, it is remarkably easy to own 2 millions of a stock and not know the relatively petty details about the company. Heck, I have own stocks and knew little about the stock's entire sector - LOL. The thing is really quite relative, and it also involves a person's interests and skill sets. (How many times has Microsoft's stock split since I have owned it? I really cannot remember. I only care that it split and kept humming).

There are but two criteria by which we might judge a responsible investor: 1.) How much money he makes and 2.) how much money he keeps. That is it, and if my system allows me to consistently pull down and keep nice returns without knowing how many times a stock splits, then I have a dang good system. I may know quite a bit about one sector and little at all about another. Yet, I may still want to take advantage of the profits being made in the sector in which I am relatively ignorant. If I can do it while effectively managing my risk, and if I can do it while not spending (wasting) time learning the intricacies of one little goofy internet stock, then dangit I should do it, regardless of what some two bit California feminist says about it. (grin)
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