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To: jmhollen who wrote (145076)6/18/2005 4:06:30 PM
From: StockDung  Respond to of 150070
 
From the July 4, 2005 issue of Forbes magazine* (p. 42):

"A new study suggests the markets need stupid investors to provide liquidity and help price securities accurately. If the dumbest players were aware of their weaknesses - overconfidence, holding a winner too long, failing to view their portfolios as a whole - they would bail out, hurting the smartest investors who actually gather information from the dullards and, in effect, profit on their mistakes."



To: jmhollen who wrote (145076)6/18/2005 4:52:11 PM
From: jmhollen  Respond to of 150070
 
Update --- HTDS 0.0175 +0.002 (+12.90%) 0 0 11,738,610

Message 21428253

John :-)
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