John Williams wrote: > > Look, this is getting silly. If you understand the market so well, > and can consistently outguess millions of people risking their own > money, then why not prove it? > Maybe because His Superior Wisdom dictates that it's impossible to net-gain money from the market :-P
> Put your money where your mouth is. > Start risking some of your own money, it should be easy for you to > make a lot of money. Then, if you think there isn't enough lending > going on, you can lend! Imagine, actually a direct solution with > your own money rather than taking other people's money and giving it > to people who have made bad decisions. > Ok, let's make a simulation. Imagine that you, me, and a few other stupid guys believe that some stock prices will go up tomorrow by 10%. What should we do? Now suppose that some smart guy _knows_ that there's a 50% chance that tomorrow's price will raise by 100% and there's a 50% chance that tomorrow's price will get back to 0%, and that whenever he puts money in that, the g*vernment steals 1% from him. Would s/he be wise to put his/her money into this lottery just to prove that we are fools? Alberto Monteiro _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
