Novell vs. SCO

Posted Aug 21, 2007 12:03 UTC (Tue) by ekj (guest, #1524)
In reply to: Novell vs. SCO by giraffedata
Parent article: A bad day for the SCO Group

That's sorta like people who honestly believe that speculation, as in trying to outguess the market, creates net wealth.

Like you point out, for every share bougth, there is always exactly one share sold.

But similarily, one person can only "beat the market" exactly as much as other people underperform the market. It's a zero-sum game. Sure, some individuals are lucky or know something the rest don't, and come out ahead. But that value ain't created, it's matched precisely, cent-to-cent by other people being having investments that underperform the market.

Put easier, you can only buy at a "good" time, if I sell at a "bad" time. The two match. Which 90% of day-traders haven't realised.