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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (33780)	3/16/2001 12:27:54 PM
From: Stoctrash	Read Replies (1) \| Respond to of 65232

ed...the enemy(IMO) is the lying CEO's, the crim WS Bigs, and the Evil Govt plots. A more correct view would be "this is a WAR ZONE...not Sunday School"

To: edamo who wrote (33780)	3/16/2001 12:45:24 PM
From: AllansAlias	Read Replies (3) \| Respond to of 65232

Far too much emotion here now to make good decisions. I do not think FredE has said anything that deserves the sort of insults he is getting. I do not know him, but this is a hard business and it sounds as if he understands that. As for the RMBS mess, well Tom was just plain wrong. Certainly from the point of view of lack of diversification and aversion to risk. It's not an emotional issue and I am not taunting. The game is a long one and I think there is much to be learned out of this debacle. so who have you discerned to be the enemy? Yes. It is me. I really believe that is the greatest enemy to successful investing. I can do no better than this quote attributed to a very famous trader back in the 1920's: The speculator's chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation, when the market goes against you, you hope ever day will be your last day -- and you lose more than you should had you not listened to hope ... The successful trader has to fight these two deep-seated instincts [fear and hope]. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit. It is absolutely wrong to gamble in stocks the way the average man does. Posted without prejudice. Cheers.