12-06-2018, 01:54 AM
On the stock market: downward volatility is good cause to get out of it. Af first there is a little more upward volatility than downward volatility, but the warning sings are often there. People do stupid things in the stock market, basically gambling to recover losses, much as Pete Rose did as a really-dumb gambler. Nobody should ever bet what he can't stand to lose.
Futures trading is basically gambling. If one can't afford to lose your investment, then find some better use for one's investment fund. Buy high-grade corporate bonds, dammit! (Bonds are vulnerable to inflation, though -- but in deflation bonds are wonderful). Stocks do not have anywhere the risk of futures betting unless the company is either dying (no way would I invest in JC Penney) or has a perverse culture (I would have stayed clear of 'Enrob').
Futures trading is basically gambling. If one can't afford to lose your investment, then find some better use for one's investment fund. Buy high-grade corporate bonds, dammit! (Bonds are vulnerable to inflation, though -- but in deflation bonds are wonderful). Stocks do not have anywhere the risk of futures betting unless the company is either dying (no way would I invest in JC Penney) or has a perverse culture (I would have stayed clear of 'Enrob').
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.
