When someone asks "what you do for a living" what do you answer!

Discussion in 'Trading' started by alanrof, Jun 25, 2002.

  1. I run a trading desk.
     
    #81     Jun 28, 2002

  2. didn't try to suppress the laughter.
     
    #82     Jun 28, 2002
  3. It's a Faustian bargain.
     
    #83     Jun 28, 2002
  4. Yeah its potentially free money....but if someone offered you a lot of free $ as opposed to a little, which is better?
     
    #84     Jun 28, 2002
  5. The free money from idiots window has been slammed shut. The original idea behind an IPO was to provide seed capital for a solid growing company, not to cash out a VC con job. With the return of common sense it will be that way once again. Financing legitimate ideas is kind of the whole point of wall street actually…
     
    #85     Jun 28, 2002
  6. I have to recommend James Grant's "The Trouble with Prosperity." He discusses the need for contraction to liquidate overcapacity -- and the problems that happen when the inevitable is postponed. A simple liquidation cycle becomes a monster that threatens the stability of civilization if fed by a manic bull market (my conclusion, not his). Anything by Grant is worth the read, though.
     
    #86     Jun 28, 2002
  7. Keep it simple and tell them your self employed.
     
    #87     Jun 29, 2002