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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (70609)	10/20/1999 7:45:00 PM
From: BGR	Read Replies (1) \| Respond to of 86076

AntMan, It is indeed unfortunate that I got into a pissing contest with Def. That said, I still believe that trading to beat the market is lot less likely than getting whipsawed, especially for retail investors (which, I understand, Def is not); and even investment banks are finding that the risk return rewards for trading are not beneficial (as reported in the Economist article). Given that, I posit that the mythsters will do well to abstain from derivatives of all kinds, and short term equity trading as well. I really, really mean it. Remember that the other sides of those trades are taken by the pit, and the pit always wins in zero-sum games. Now, OTOH, I am perfectly willing to debate economic outlooks (but not short term predictions, which is a fool's game IMO). Finally, I respect healthy skepticism of the academia, but not automatic dismissal with lots of hand waving. Economics is not a hard science as controlled experiments are imposible. That doesn't mean that old wive's tales originating from the pits and/or biases of fringe groups are absolute facts (they may still have merit). -BGR. PS: Oh, and I am not going to entertain anyone who wishes me away. :-)