nmaio
Joined 16 years ago
Joined 16 years ago
Anyway, I wouldn't pay over $45 a share if I wanted to buy. Why? 'Cause that's what you could have gotten it for at its best value. You can't possibly buy right now. Why? 'Cause it was at $45 a share! You missed your opportunity. You can't possibly settle for $65 a share when it was $45 a share just a few hours ago. YOU CAN'T.
But now, if it dips below $45, then I'd say it's time to start pondering buying.
(the above is based on sports betting and I believe the same principles hold true)
And that's the retail/shopping market. If I had it my way, there would be large screens in department stores that displayed ratings and reviews of products congregated from a number of websites.
For instance, take the Nordstrom shoe department. Instead of having shoe displays against the wall, I really think they should have scrolling reviews displayed on sizable screens.
When I walk into a store, I rarely know what's worth my money. And who really thinks a salesperson is the right person to be helping you make a decision (or talking you into a decision...)? And yeah, I could search my phone for product reviews, but that's a hassle.
I just threw these images together, so you can get rough idea of what I mean. BEFORE - http://www.dropmocks.com/mUKVS and AFTER - http://www.dropmocks.com/mUJoj
Sorry to get a little off track here. Best of luck to the E la Carte people!
And guess what? It was never about the money. Sure, I always wanted to see the number go up, but I had no intentions of withdrawing any of it. It was about being right. It was about pushing the envelope. And most importantly, it was about trying to figure something out.
I don't care if you make millions or go bust... or go back and forth between the two. As long as you leave your emotions at the door, you'll be fine. And to be honest, I was good at that (and still am). But it's probably not a life you want...
I mean, yeah, it's fun trying to solve something and seeing if you're right or wrong. But you're only doing it for yourself. You and no one else. And if that tickles your fancy, go for it - I have nothing against it. But what if you chose to share your passion for wanting to be right, for wanting to push the envelope, for wanting to figure something out...
In my eyes, it wouldn't necessarily make you a better person, it'd just be hard to call that bet a loss.