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

To: TobagoJack who wrote (29255)	2/27/2003 2:39:49 AM
From: energyplay	Respond to of 74559

Consider black gold - oil. Have you looked at bond funds in various currencies ? A chance to add some more interest, and some more risk...

To: TobagoJack who wrote (29255)	2/27/2003 4:49:30 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Hi Jay. <I thank the markets for that, allowing me an undeserved profit at every turn, unfortunately many times at someone else's loss. You know, zero sum game and all that mombojumbo you refuse to accept as truth.> Not so fast there Jay. I accept that there are huge zero-sum games to play and winners and losers come out of them. In a positive light, the zero-sum games transfer capital to those who are best able to smooth the peaks and troughs and thereby reduce the problems which everyday people have to deal with. You deserve your rewards because you can only earn your reward if you shave a peak or fill a bottom. If you didn't do that, the peaks would be higher and troughs lower, which is nasty for lots of people. If you get it wrong, you are dog tucker. But financial affairs are not all zero-sum. Economies grow, Uncle Al pixelates, QCOM produces hordes of ASICs and many copies of technology via companies which buy the right to use QCOM ideas. Wealth in that respect is NOT a zero-sum game. 6 billion people really can enjoy a better lifestyle, more money in the bank and be richer than they were before. All of them can be better off. That's quite different from the old Aztec territoriality world of limited land and zero-sum games [which were literally fatal for many of the contenders]. China is in the throes of a non-zero-sum game. Now, they are trying out GSM1x which is a very big deal. If you don't understand why that is a very big deal, you are missing out on some enjoyable drooling time. Your signing of papers is no doubt part of the process of China roaring ahead in a non-zero-sum boom. Happy trails, Mqurice