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.

Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (36829)	11/21/1997 11:21:00 AM
From: Tom Carroll	Respond to of 58324

RE: Mostly OT Expectations Truff, >Yeah, but when you put this kind of time and effort into >it, you ought to do a lot better than that. I spend 12 >hours a day at it. My goal is 70% per year. Don't always >hit it though! Fair enough. This is mostly recreation for me, a way to integrate my knowledge of historical change, technological innovation, and quantitative analysis, among other things, as well as to take my mind off of the decision-making at work. I aim for 20%. At that rate, you double your money once every 3.8 years. That's good enough for my retirement plans, and it's lower risk than all that options/daytrading stuff that I admire you so much for being good at. At your 70%, if you make it, you double your money every 16 months, as long as you hit it and don't have a catastrophic crash. Over a lifetime, though, the probability of a catastrophic crash is depressingly high, so best of luck to you. It's true, though, that you can significantly blunt the probability of that killing you if you watch things like a hawk all day long, every day, which you're obviously doing, and doing well, I might add. (Not that it takes any very astute observation for someone to come to that conclusion, of course.) So you might just make it after all. The question then is, what do you do with all those billions and billions of bucks? Even Bill Gates couldn't figure out how to spend more than a tiny fraction of his wealth on that fancy house of his, and Ted Turner is throwing his money at the U.N. like it's dandruff he's flicking off his shoulders. Better start thinking now about how you'll make headlines via your old-age giveaways. <g> Then again, you want to be a good-looking corpse, so what does this matter, eh? The thing that surprises me is that Jack Knutson is pursuing my safe-play strategy with his MONEY at the same time that his BODY is jumping out of airplanes, fighting forest fires, and skiing in blizzards. Weird! <g> Oh, that reminds me, Sheila. All of life is a gamble, of course, not just options trading and daytrading. It's just that the stakes vary depending on the game of the day. Enough pompous preaching. (Sorry, I can't help myself sometimes.) I have to go earn a so-called honest living at work, folks. <g> See y'all later, and happy trading. Cheers, Tom (long IOM)