Monday, August 08, 2011

In a nutshell - the investment crisis

A bear market is one where the odds of losing are greater than the odds of winning; they built Las Vegas on the back of it. So the gambling will continue, a few will do well and most will lose their wad. The difference is, Wall Street won't serve you drinks.


James Higham said...

There's a good post at Broad Oak about this at the moment.

Paddington said...

It's also not as entertaining, and the servers not nearly as attractive.