Jason Zweig
Jason Zweig
dealing doubt federal great imposed industry lifting utility
There's no doubt that a lot of this wheeling and dealing has been spurred by the lifting of many of the federal restrictions that were imposed on the utility industry during the Great Depression.
absolutely commit effective financial form gambling invest lethal pure trading typical weapon
The way I like to think of day trading is that it's probably the most effective weapon ever to commit financial suicide, ... It's an absolutely lethal way for the typical person to invest because it's not even really a form of investing, it's gambling pure and simple.
company earnings investors quarter stable
If a company has stable earnings quarter after quarter, ... and each quarter its earnings go up another penny, and then all of a sudden, they don't go up anymore, investors go nuts.
attracted call kinds people seeking stocks
People are attracted to stocks that move. The thing that these kinds of speculators, and I'm not going to call them investors, what these speculators are seeking is action.
average fact few fund manager mean mutual past people performance somehow stupidity superstar therefore worse
Somehow people look at the performance of the average mutual fund manager and say, 'It's underperforming the superstar of the market, which is the S&P index in the past few years, therefore I can do as well,' ... That's a fallacy. You may be able to do very well, but the fact that the average fund manager is doing worse than average does not mean he's stupid, and his stupidity doesn't make you smart.