-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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quote:Originally posted by glassman: i think that third person chit would go over pretty well on TV.. on Comedy Central..
not so well on CNBC.. even tho i have a very low opinion of CNBC... bloomberg is better...
For the first couple of minutes people would laugh. then it would turn into an uncomfortable laugh. then a nervous laugh. then the channel would be changed to something more entertaining like a chess tournament.
-------------------- "Simplicity is the ultimate sophistication" Posts: 4005 | From: Shaolin | Registered: Oct 2005
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posted
well, rim, that's about how long Cramer usually stays on our TV (about three minutes)... unless i'm the only person around... then it can last as long ten minutes...
the other day my wife asked me if i think cramer is bi-polar (she was serious) and i laughed and said nah, he's just a good trader
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Its funny you say that. I always felt bipolar disorder was a side-effect of trading. Emotional highs and lows through out the course of a day EVERY DAY.
You coulda added "hes just a good trader" who is prolly getting his asss handed to him this week
-------------------- "Simplicity is the ultimate sophistication" Posts: 4005 | From: Shaolin | Registered: Oct 2005
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posted
Actually, just about anybody can "bat". It's just that very very few can hit.
And though I understand the sentiment with the "this is the toughest "game" ever invented...", that only means those that believe that never tried anything more difficult.
May I suggest Quantum mechanics or string theory or fixed point theory (and at leats hundred more things I have no idea about because I haven't the knowledge and experience to comment)? (I personally would include bass buggin with a fly rod, where maybe one in 50 or 60 cast even makes some bass look and, of those, maybe one in 80 - 90 gets his undivided attention.)
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
There is a reason so many fewer few people participate theoretical physics than stock trading. That's simply explained because of it being far more difficult and much more inaccessable than stock trading.
Just because billions of human beings swim each year doesn't mean they are comparable to Olympic grade swimmers. Billions study physics every generation. Very very few ever can succeed as a physicist. Most drop out eagerly when they see how difficult it is.
If you are going to count the bozos that can punch the keys on a keyboard and connect to a broker via the internet, count them as not too bright and average their contribution to the whole. It doesn't take much to "trade" and, looking at the actual intellect of the average successful "trader", that doesn't take outstanding intellect either.
One can of course say the same about baseball. The reason so few ever manage to hit +300 is because so few participate. If I recall the numbers correctly, less then 18.000 have ever had so much as one listing in the box score of any major league team.
Hitting a baseball is a terribly difficult task and that few have ever been able to participate at the Major league level does not disqualify it. Why would theoretical physics be not included as a terribly difficult task simply because very few can handle it? Something there isn't logical.
There is nothing inherently difficult about trading that isn't also true about book keeping or computer programming or civil engineering. Very few succeed, because very few devote the effort success requires. Clearly there are far more civil engineers capable of designing and managing the construction of a bridge, that simultaneously succeed in stock trading, than there are successful professional stock traders that can build that bridge (or construct a computer program or compose an aria or - - - ).
Stock trading isn't easy. It requires a great deal time, concentration, and effort, but it doesn't match hundreds of more difficult endeavors.
By the way, engineering touches on nowhere close to the complications of theoretical physics and fixed point theory is not physics, theoretical or otherwise.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
If you are going to count the bozos that can punch the keys on a keyboard and connect to a broker via the internet, count them as not too bright and average their contribution to the whole. It doesn't take much to "trade" and, looking at the actual intellect of the average successful "trader", that doesn't take outstanding intellect either.
I hope youre not actually "connected to broker via the internet"?
-------------------- "Simplicity is the ultimate sophistication" Posts: 4005 | From: Shaolin | Registered: Oct 2005
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