Quote:
On 2002-05-30 15:23, gun punter wrote:
If a horse dies? fair dinkum you are dumb.
A horse race is guaranteed to be over in a matter of mins, whereas a horse generally lives for several years - if it dies suddenly - that's bad luck.
An asset is something that creates a revenue stream over a period of time. Given that investing is buying assets, how does a ticket create an ongoing revenue stream? - IQ of an ant.
|
Why did you even bother posting here gun punter?
I never attacked you calling you stupid etc.
You really need to grow up and learn the basic maths of investment...yes investment.
So you are saying that investment is over a few years and a horse race a couple of minutes-you really don't understand what it's all about do you?
I don't INVEST to win on the race or day as i said before...I invest to win over the year.
If you invest in BHP for example, and the share price goes down 1% on the day...do you sell your shares and say "I gambled and lost?" Probably you do but anyone with the IQ higher than "an ant" would not!
So too if I lose money on a race or races, I keep making further investments as I know in the longrun I will win. The only difference being you make a large one-off investment in a stock and I make many investments in horseracing.
By the way a ticket is not an asset...the system strike rate average dividend and overall investment and profit is the asset.
An asset is something that creates a revenue stream over a period of time....you just killed your own arguement!!!!!!
Go to a bank with shares in a speculative stock (which you call an asset) and see how far you get.
Now do you follow this???