Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (25363)	11/12/2002 2:29:01 PM
From: pezz	Read Replies (1) \| Respond to of 74559

<<.. but find ti hard to believe that someone would offer me a bet with a positive expected gain in wealth for me rather than him>> Of course the key word here is "expected" that only means the odds are in one's favor thus one must pay up big time if the unexpected happens. Ask anyone who bought LU a coupla years ago. I remember every big shot on CNBC saying everybody should have some LU in their portfolio. "Positive expected gain"?

To: Moominoid who wrote (25363)	11/12/2002 2:29:53 PM
From: maceng2	Read Replies (1) \| Respond to of 74559

Fact is, as far as the stock markets concerned, there is a big "house". Brokers, analysts, Fund managers, advertising, etc. Lots of overhead costs that need paid for. So the casino takes its costs from the system. On the other hand there are "investors". That investment idea may work unless the whole market is overvalued because of various pumpers and crooks over playing it. I know this myself. I worked for companies during bear markets that were making money hand over foot. Or, if not, in a position where they shortly would be. All the same, I would see the stock sold (as they were small companies) into the ground because the big companies were not doing well. And those guys were supposed to be stronger then everyone else. So I find some of your ideas about investment unusual. Good investments can go down for years imho. Over time. A good company can turn into a bad one and be worth chit too. Seen that as well.