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To: donald martin who wrote (33832)5/13/1999 8:27:00 PM
From: long-gone  Read Replies (1) | Respond to of 116796
 
<<That assumes several hands are played. And/or that the duration of the hands are short. I suppose it is if you trade on margin, or with money you can't really afford to "invest" (my time frame for investing is up to 10 years. not 9 months). This analogy may well apply to short term speculators, but I don't have a great deal of sympathy for them.>>
There are several vaible mining companess which have now gone under, many others that have been driven from a multi-year high profit position to a near bankrupt position.



To: donald martin who wrote (33832)5/14/1999 12:26:00 AM
From: tshane  Read Replies (1) | Respond to of 116796
 
"That assumes several hands are played. And/or that the duration of the hands are short. I suppose it is if you trade on margin, or with money you can't really afford to "invest" (my time frame for investing is up to 10 years. not 9 months"

My point is that if I am playing poker and am told what the house rules are, I need to believe that everyone is playing by the same rules. But maybe everyone isn't. The house has mirrors, cameras and marked decks to guarantee that their shill in the game wins. Why does it matter whether I play for 9 months or 10 years? I can even lose more money and for sure more time playing a rigged game for 10 years.

"To be completely honest, I'd rather make profits than be right."

Huh? The only way to measure being right in the markets is to make money.