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To: Ralph W. who wrote (88493)4/2/2001 7:38:41 AM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
>>I think WS is the biggest casino in the world.<<

If you buy stocks because you want a share of the business, you aren't gambling . You share the risks that businesses always have. The future is uncertain. Your capital investment, in theory, is used by the business to create more value. If you choose wisely and put the share certificates into a vault, over a long enough period of time you, or your heirs, will do well. I wouldn't mind having the fruits of a share of GM, Ford, IBM or AT&T bought at the tippy top in 1929.

Gambling creates nothing.



To: Ralph W. who wrote (88493)4/2/2001 8:04:24 AM
From: robnhood  Read Replies (1) | Respond to of 436258
 
I read a book many years ago called--- Wall street , The Other Las Vegas.