SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Simba who wrote (151890)2/18/2002 9:25:17 AM
From: KeepItSimple  Read Replies (1) | Respond to of 436258
 
That article was merely a long-winded version of the fundamental fact that everyone involved in an equity market cannot profit from it. The adage of "sell to whom" was quite appropriate at nasdaq 5000.

In other words, our markets are a pyramid scheme, and the goal of capitalism is to be the first one to cash out while the masses get screwed. Which shouldn't make the winners guilty, because democracy is designed to redistribute (steal) wealth from those who have it. Screwing the masses through an equity bubble was just a wonderful way of payback for legal confiscation of assets by the mob rule of democratic taxes.

---------------------
"successful capitalism in a democracy is about privatizing much of the upside of booms and socializing the downside of busts. "
pimco.com



To: Simba who wrote (151890)2/18/2002 10:47:05 AM
From: Les H  Respond to of 436258
 
Your link didn't work for me...

pimcofunds.com

on semis:

pimcofunds.com



To: Simba who wrote (151890)2/18/2002 12:40:45 PM
From: JRI  Respond to of 436258
 
<Privatizing booms> Uh, without the proper regulatory structure...privatizing booms can easily lead to a very few getting super wealthy, and the rest getting mostly screwed...

Happened in Russia, all the time in Latin America (really every 3rd world), and even in the good ol' U.S.A.