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To: Dan Duchardt who wrote (804)	8/29/2000 2:18:02 PM
From: mc	Read Replies (3) \| Respond to of 1426

Dan, I have to try and wipe out this concept when I see it. The stock market is not a zero sum game. Companies earnings (in total) increase and usually the stock prices goes up with them. In fact, we know historically, that the market averages about a 10% return per year. Well above inflation. If the market were zero sum long term earnings for the market as a whole would be zero by definition. People who buy into this zero sum idea also then tend to build upon this false premise, usually with the idea that, "hey, all I have to do is be smarter than 50% +1 of the people out there and I'm sure to make money." Take care, mc