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To: robnhood who wrote (86531)3/28/2001 12:11:31 AM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
>>I you're making dough in this market , then you haven't got a clue what you're doing.<<

Funny you should mention that. Right or wrong, that's consistent with the hypothesis that crazy traders make money in the market precisely because they are crazy. The greater the risk, the greater the potential reward. Prudent people can't outperform crazy people in the short run. That's why all clowns take a long time to be destroyed.

j-bradford-delong.net

I've read a better explanation than DeLong's but his is the one that comes to hand.