[ale] OT: Stock Traders?

[F. Grant Robertson]

Either he was an amazing gambler, or a really lousy broker. Either way, most of us mere mortals will do much better int he market than "playing the ponies".

-G


-----Original Message-----
From: ale-admin at ale.org [mailto:ale-admin at ale.org]On Behalf Of
To: ale at ale.org
tfreeman at intel.digichem.net
Sent: Thursday, April 24, 2003 5:00 PM
To: 'ale at ale.org'
Subject: RE: [ale] OT: Stock Traders?


On Thu, 24 Apr 2003, Kilroy, Chris wrote:

> long term investing in the stock market is a lot better than gambling, 
> unless you are looking for short term returns, but even still it is 
> still better odds :)
> 

Some years ago, I had a friend/associate who might well disagree with you. 
She had a boy friend who played the ponies for a very good living claiming 
a strong resemblence to the NYC, where he had been a broker. The ponies 
payed better, and more consistantly in his experience. 

IMHO, the only investment stategy which is fairly rational and not 
gambling is a very diversified buy and hold, probably split evenly between 
cash instruments and stock.  Wish I had the nerve/ambition to back that 
opinion up with _facts_. 8-(

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