Excellent Article

[darkhorse]

Quote from citizennobody:

Trading pieces of paper doesn't create wealth. Tell that to the Las Vegas Chamber of Commerce. How naive are you people. So a whore house isn't an investment (even though it makes money) but Kmart was (even though they went bankrupt). Wow I guess that it doesn't matter what type of economy you have as long as you have means of production, kind of like the old Soviet Union, eh!

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.

 

[ges]

Quote from darkhorse:





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

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