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To: Teresa Lo who wrote (2418)10/29/2000 1:03:25 AM
From: SirRealist  Read Replies (1) | Respond to of 8925
 
Thank you Theresa. Best assessment of brokers... and greed... I've read.

May your wisdom grow long in such balanced soil.

Kevin



To: Teresa Lo who wrote (2418)10/29/2000 9:15:02 AM
From: chris-  Read Replies (1) | Respond to of 8925
 
So all in all, it's a circle, and the bottom line is that people who are greedy will find themselves exploited by everyone in the industry, because they want to believe that the money is easy.

Teresa, for the past 400 years, the early remnants of the stock market have held this very belief to be true. Farmers and shoemakers would think themselves as instant experts of understanding the diving companies and other initial speculative ventures of the 1600's just because they bought into a venture that happened to be rising on speculative mania. I read that one venture was to drain the Red Sea to retain all the treasures of sunkin ships (and people bought into it!!)

This belief of money is easy is so true and sadly, the notion is 100% the opposite direction. It's fairly amazing to me that something as incredible as the stock market is fairly constant from boom to boom and panic to panic. I mean this in that market psychology never changes, even if tech innovations makes the market more accessible.

To the point of hurting the greedy, brokers themselves knew how to suck in the unknowing as well. We all remember kids flying helicopters and bartenders buying out multi-national companies. One woman sitting in coach on the airplane bailed out a whole country? I realize this is meant to be a farce and comical, but if the Sweepstakes people can fleece millions of people into buying magazines for hopes of that million dollar payoff (how many times have you been in the "semifinal" round only to hear nothing again), these commercials don't seem so innocent any longer. People have dreams and its easy to see how false perceptions of the stock market can ruin those fast to those that do not know.

I posted my take on one wrong false perception about a month ago if you are interested.

Message 14535277

All the best,

Chris