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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?


To: Lane3 who wrote (15678)6/5/2001 7:33:57 PM
From: TimF  Read Replies (2) | Respond to of 82486
 
Ten reasons why...

...gambling's different from investing

theinquirer.net

SOME RELATIVES of mine were trying to tell me that
investing is the same as gambling. After thinking about the
differences a bit, here is what I came up with -- email me
with your own and I'll pass those along also.

1. People don't think you're more intelligent if you
consistently win at gambling.

2. Odds makers in casinos sometimes lose, while market
makers….

3. Unlike shorts and futures, casinos don't let you lose
more than you bet.

4. Investors don't form support groups. Actually, people
that lose vast sums of money sometimes brag about it.
Investor's anonymous, anyone?

5. Unlike investment winnings, you can't brag about your
gambling winnings at church.

6. Pawn shops don't spring up around investment houses.

7. Gamblers don't post on message boards about what
number they think will come up on the roulette wheel
based on technical analysis.

8. Casinos don't charge an $8 fee to take your bets.

9. You don't have to grow a pony tail and claim your
Native American heritage to open a brokerage house.

10. Ameritrade doesn't try to get you drunk with free liquor
before you make a trade.



To: Lane3 who wrote (15678)6/5/2001 7:37:20 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 82486
 
I missed that. Are you still off? Haven't seen you post there.

I was not involved the pre-bannings. The ones I did see complained about were cases where I thought JLA was right.

And I must confess to a serious lack of sympathy to thoses cases. I got off all of two posts on LWP before the door slammed in my face.

What's sauce for the goose.....