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To: OldNewYork
Ask him; I’m not as wealthy as he is and investing my entire net worth risking financial ruin. I only invest in things of that risk what I can afford to lose.

That's why people like you and I never achieve the kind of success people like Beck achieve.

The bigger the risks, the bigger the reward if you win, and the more painful the loss if you don't.

Us risk-avoiders get rewarded commensurately.

34 posted on 06/18/2011 7:02:14 PM PDT by E. Pluribus Unum (If Sarah Palin really was unelectable, state-run media would be begging the GOP to nominate her.)
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To: E. Pluribus Unum
That's why people like you and I never achieve the kind of success people like Beck achieve. The bigger the risks, the bigger the reward if you win, and the more painful the loss if you don't. Us risk-avoiders get rewarded commensurately.

Haven't achieved doesn't equal will never achieve - there's plenty of time left, at least for me, and I'm happy with my results so far, which may very well exceed Glenn Beck's in the long run, or George Soros', or anyone you could name. I wouldn't group me with you, from what I can see of how you've come at this with me on this thread, and your profile. Do you still believe that Osama bin Laden isn't really dead?

High risk doesn't necessarily equal high reward. Those who buy an index fund and just hold it usually come out ahead of frenetic, risk-hungry day-traders, for instance. Another example would be the difference between those who bet on favorites in horse races consistently, or those who consistently bet on the biggest long-shots in the race.

37 posted on 06/18/2011 7:13:36 PM PDT by OldNewYork
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