To: ST Trader who wrote (3788 ) 8/1/1999 6:28:00 PM From: who cares? Respond to of 10354
OT: ZSG talk If your talking about an individual transaction then some, and only some of the time, it's a zero sum game. As someone else pointed out options and futures transactions are more this way, someone bets right and makes a premium, someone bets wrong and loses the premium. I suppose if for instance you sell a stock and it keeps rising, and you consider that a loss then an individual transaction can be considered zero sum, though neither party truly loses. The reason that the stock market is not a zero sum game is mankind, and it's ability to build, invent, and better itself. We grow richer and stronger as a species and the market values that, and thus continually grows. It's possible for everyone to make money, even shorts, since innovation means some ways of doing things become obsolete and thus unprofitable, and of course there's always crims trying to dress up their tired ol crap as the new improved fresh scent crap. Sometimes, like now for instance, the market runs ahead of itself in valueing some areas, but it'll sort itself out sooner or later. You should be all over this argument since it goes right along with your shorts are stupid for doing it during a bull market, blah blah blah. Just as stupid as blindly shorting in a bull market, is blindly following the heard during one, though this doesn't become apparent until you find yourself in the chute and on the way to the killing floor. As for it being too hard to understand, don't worry, their will never be a coherent thought bubble up from the deep between your ears, that will be too hard for my 100+ year ol cartoon super villin mind to understand, no matter what book or guru you get it from. Mr.Burns