Dumbest remark for 2002
- Thread starter bungrider
- Start date
This is from 2001, but I'l count it since it has not been retracted, and sums up the general investment advice out there that helped people lose ANOTHER 17% this year
"Just Relax" from Charles Schwab, March 2001
If there ever were a time for investors to WAKE THE HECK UP, it was then. Up till then some could claim they really didnt know better, but after that everyone had a fair warning.
Shame on scumbag retail brokers and financial media for pleading with investors to ignore the writing on the wall, and lose more money they cant afford.
"Just Relax" from Charles Schwab, March 2001
If there ever were a time for investors to WAKE THE HECK UP, it was then. Up till then some could claim they really didnt know better, but after that everyone had a fair warning.
Shame on scumbag retail brokers and financial media for pleading with investors to ignore the writing on the wall, and lose more money they cant afford.
LOL
p2, that dialog could double as the soundtrack to a bad porno flick!!
Actually, it reminds me of the worst trading experience I ever had. It was back in '97 and the stock was Rational Software (RATL). I was holding a long position and the stock was unexpectedly halted with bad news pending. The next morning, when the stock reopened, I instantly lost 12% of my account equity...and I counted myself lucky!! It could have been much worse. I can't say I threw any computer components out the window, but I came close.
THE 'WHAT SCANDALS?' AWARD
To Hardwick Simmons, chief executive of the Nasdaq stock market, on which the main index has fallen 31 percent this year. Throughout 2002, he kept asking what all the scandal talk was about. Simmons, who is against accounting for stock options as an employee cost, told a reporter at The Globe and Mail of Toronto that chief executives had recently grown too preoccupied with director independence. "All the academic literature I've ever seen - and I mean there is none on the other side - shows there is absolutely no correlation between the independence of one's board and the performance of one's company," he was quoted as saying. "In fact it works exactly the opposite."
To Hardwick Simmons, chief executive of the Nasdaq stock market, on which the main index has fallen 31 percent this year. Throughout 2002, he kept asking what all the scandal talk was about. Simmons, who is against accounting for stock options as an employee cost, told a reporter at The Globe and Mail of Toronto that chief executives had recently grown too preoccupied with director independence. "All the academic literature I've ever seen - and I mean there is none on the other side - shows there is absolutely no correlation between the independence of one's board and the performance of one's company," he was quoted as saying. "In fact it works exactly the opposite."