Forum Archive Index - May 2000

[Mike Nelson <bb2345@ihug.co.nz>]

Yes very good answer Nick. This idea of someone profiting someone losing is
erroneous not only in the sharemarket but in most other transactions that
are conducted in good faith. 

Take housing for instance. Using Simons logic the seller loses and the
buyer profits but the seller was once a buyer of the same house and in most
cases would have made a capital gain on the sale. Even a buyer of a car is
not necessarily a loser. He may not recoup his original cost price on
resale but he has had the use of the vehicle and it has serviced his
transport needs so is he a loser ?


MN

At 03:02 PM 29-05-00 +1200, you wrote:
>
> but that's life. Just as
> for every FEG buyer, there's a seller (who thinks he is smarter than the
> buyer), for someone to profit - someone must also lose. Just don't get
> caught on the wrong side of the ledger, that's all!
> Cheers,
> Simon
>
>          Thats not strictly true, Provided the company is very good there
>is no reason why all investors cant be winners.
>  Top companies can grow upwards for years, taking investors along for
>the ride with many hopping on and off on the way up.
>   This idea that for every winner there must be a loser is a common
>misconception , sadly the general public in NZ seem to believe it
>which is one reason for such low levels o share ownership in this country.
>   The public largely see share ownership as gambling and very risky.
>         Who can blame them? the only time shares are talked about much
>on TV is when there is some kind of crash or bubble situation.
>          We recently had a company savings scheme at work where
>you could save for three years and at the end of three years have the
>savings converted to shares at a very big discount to what they trade at
>now.    It was virtually a golden opportunity to probably double up
>on money saved.  What happened? Virtually nobody took the offer up
>as they saw shares as risky, preferring to leave the money in their bank
>accounts.
>         Sorry to be waffling on but im  bored, in pain, have blood dripping
> down my face, my nose operation has proved very painful and uncomfortable,
>to top it off i now have flu like symptoms  sneezing is absolute agony
>and im not allowed to blow my nose. Apart from all that im fine -:)
>
>  nick
>
>
>
>
>
>
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