LogFAQs > #949998767

lightwarrior78 posted...

At a more rational time of my life I might have agreed with you. I have issues with the concept of short selling and it being almost antithetical to how stock ownership is supposed to work (why have any system that incentivizes wanting failing companies), but it was legal, and what we're seeing now isn't hitting a bad bet, it's concentrated attacking with intent to destroy.

I'm no longer rational, and it has little to do with hating wall street. I hate the whole damned system. We don't have a free market anymore. Money is made more by gambling on business than in being in business, and we are just the horses, there to keep the game going while they rake it in on betting whether we win place or show. This system is why we've had bubbles that popped and cost many everything, and nearly destroyed things without huge bailouts. It needs to die and we can get back to basic business, not gambling as an economic pillar.

I think you are basing your opinion more on media representation of investment professionals than the reality.

running countless analyses of risk, performance attribution, fundamentals, and regulatory compliance doesn't make for a good movie but that is most of what they do. it's boring and it's all about gambling as little as possible (depending on your fund)
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These old bones live to learn her wanton ways:
(I measure time by how a body sways).