who are you talking to? las vegas is in the entertainment business. who ever said entertainment isn't a business? and who ever said investments only go up by definition? do you understand the difference between wealth creation and capital transfer? grabbing a piece of the pie is not the same as making the pie bigger. that's why entrepreneurs are so valuable- they are wealth creators- whereas employees plugged into the system are mainly recyclers. and it's also why parasites- the opposite of entrepreneurs- can be so destructive. trial lawyers, for example.
Thank you, Darkhorse. Unlike some around here, Hussman makes sense to me. http://www.hussmanfunds.com/wmc/wmc031110.htm g