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.

2 comments:

  1. James Higham8 August 2011 at 11:10

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

    ReplyDelete
  2. Paddington8 August 2011 at 12:39

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

    ReplyDelete

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