Investing?
Here's the metaphor.
Two friends stop off at a hot dog stand. Ahead of them, they see a man order a hot dog. One says to the other, “I bet he has mustard.” His friend says, “Ketchup.” The man puts mustard on his hot dog. The first friend wins.
They follow him down the street to a pretzel stand. The first man bets that he buys a pretzel with no salt. The second says with salt. The man buys it with salt. The second man wins.
Down the street, the man stops for ice cream. The first man says, “Chocolate”. The second man says, “Vanilla”. The first man wins when the guy in front of them buys a chocolate ice cream cone.
You know all this because you are following the two men and listening in as they make their wagers.
The next thing you know, you are calling your friend on the phone and inviting him to meet you for lunch at the hot dog stand.
When you get there, you see the same two men you saw the day before. They make the same wager. You turn to your friend and say, “I bet the man on the left wins the bet.” Your friend says, “You’re on.”
You bet that the man on the left will win the wager each time.
You win two out of three bets. You come out ahead.
Do you now have some idea of how our investment industry is changing?
You win two out of three bets. You come out ahead.
Do you now have some idea of how our investment industry is changing?
Regards,
Slim
Mail: slimfairview@yahoo.com
Copyright © 2011 Slim Fairview
Slimviews is an non-profit, unfunded, unsupported, and, alas, unprofitable web log by Slim Fairview
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Commentary on Global Political and Economic Events by Slim Fairview. Read my blog today or hear it from experts in a month or two. Slim
