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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Bald Man from Mars who wrote (15806)11/28/1998 4:59:00 PM
From: Roger A. Babb  Read Replies (2) | Respond to of 18691
 
BM, a gambler often bets everything and sooner or later loses it all, no matter how big his earlier wins. The house only gambles a small fraction of its worth on any one game and eventually wins, even after a series of loses. I am an investor, not a gambler. Yes any single position is a gamble, but a diversified portfolio including bonds and cash changes it to an investment.



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