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Easy Money
- Thread starter Beach Hut
- Start date
Beach Hut said:
What you're doing is failing to provide a clear argument, but still insisting despite obvious evidence otherwise that you're correct. I can see that as someone who regularly condemns gamblers it hurts to find you are actually one yourself.
Feel free to argue otherwise.
Again, I'm not talking about casino type games which are, strategy or not, games of chance.
Your 'investing' is no different to sports gambling...
One identifies an opportunity where the belief is that the market has the price incorrect. In your 'investing' that means a stock that may be out of favour or a company where true potential has yet to be recognised. If your analysis is correct more often that not, excluding other influences, you are likely to profit in the long term. But you will still have some losers - not even Warren Buffett is correct EVERY time.
In, say, horse racing, it is recognising that a horse priced at 5/1 should not actually be a 5/1 shot and, should be, say 3/1. If you are able to successfully identify this value in the long run you will end up in profit relative to those who just blind bet.
You won't see it because you don't understand. You're not willing to understand or, possibly, are too stupid to understand.
Your 'investing' is no different to sports gambling...
One identifies an opportunity where the belief is that the market has the price incorrect. In your 'investing' that means a stock that may be out of favour or a company where true potential has yet to be recognised. If your analysis is correct more often that not, excluding other influences, you are likely to profit in the long term. But you will still have some losers - not even Warren Buffett is correct EVERY time.
In, say, horse racing, it is recognising that a horse priced at 5/1 should not actually be a 5/1 shot and, should be, say 3/1. If you are able to successfully identify this value in the long run you will end up in profit relative to those who just blind bet.
You won't see it because you don't understand. You're not willing to understand or, possibly, are too stupid to understand.
Beach Hut said:
Really? I must be blind then because I looked through your posts and couldn't find a reasoned argument for love nor ('invested') money. Bozza must be blind too.
The fact is that your only suggestion as to why it's not a gamble is because it's 'calculated'. Which of course a bet can't be
. Also, you're silent on the subject of 'chance' which of course is the defining characteristic of a gamble. You seem to think that there is no chance you could lose out here; which of course you could - even if the odds aren't that great. Still, well done for ANOTHER post with no argument, your proud posts declaring how the difference is obvious are really persuading people. Oh - www.oceanfinance.co.uk
Beach Hut said:
Congratulations you're the first risk-free investor the world has ever seen. Write a book, you'll make millions (guaranteed), telling the stupids how easy it is to make money with NO CHANCE of failure. I think Bozza now knows WHY you don't understand.Happy gambling Beach Hut!
Hannibal smith
New member
Beach Hut said:
The boards biggest hypocrite is off on one again.
Tell me, if there is no chance you will lose why did not you not put every penny you had into this investment?
E
enigma
Guest
Beach Hut said:
You PLUM.
Thats what the people that invested in Enron probably thought.
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E
enigma
Guest
Beach Hut said:
Beach Hut said:
Or followed you, it seems.
Can someone tell Warren Buffett we have found the man with the golden touch.
Common as Mook
Not Posh as Fook
- Jul 26, 2004
- 5,642
I think it's fairly obvious that Mr Hut is completely lost in this argument and he's trying to cover it up instead of admitting that he is in fact WRONG - as I reckon he is most of the time.
Can I wade into this one?
I guess in principle there is no real difference between investing in stocks, and gambling on sports events etc. In both instances, the idea is to either hedge your bets and look for value, or go for broke and hope of getting lucky on a long shot.
For me, the big difference between gambling and investing is the amount staked and the time scale. Gambling is usually (but not always) for modest stakes with a very quick turnaround. Investments are usually for far larger sums and over a far longer period. That is why some people can get addicted to gambling, because of the accesibility and the immediacy, but people don't necessarily seem to get hooked on investing in the same way. But I may be wrong.
Also, investing has an air or respectability that gambling will never have, even though the two are essentially about achieving the same ends. Anyone who thinks gambling and investing are two different things should have a read of Nick Leeson's book, "Rogue Trader."
I guess in principle there is no real difference between investing in stocks, and gambling on sports events etc. In both instances, the idea is to either hedge your bets and look for value, or go for broke and hope of getting lucky on a long shot.
For me, the big difference between gambling and investing is the amount staked and the time scale. Gambling is usually (but not always) for modest stakes with a very quick turnaround. Investments are usually for far larger sums and over a far longer period. That is why some people can get addicted to gambling, because of the accesibility and the immediacy, but people don't necessarily seem to get hooked on investing in the same way. But I may be wrong.
Also, investing has an air or respectability that gambling will never have, even though the two are essentially about achieving the same ends. Anyone who thinks gambling and investing are two different things should have a read of Nick Leeson's book, "Rogue Trader."
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Come on Beachy, at least buy yourself some credit by trying to respond to a specific point instead of spouting your same old shit.
Gazwag
5 millionth post poster
Beach Hut said:
I'm sure that's what plenty of people said the day before Black Wedesday, dot com stock is the safest around eh
Beach Hut said:
So, presumably given how 'sure' a thing Pipex is, you will be unloading every pound, penny and cent onto it at 8am tomorrow morning when the LSE opens?