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boadicea - Thu, 01 Jan 04 :

Re: Quickpix (6527)
Wrong - insofar as your comments are applied to investing. You ignore the fact that real value can be either created or destroyed.
So we can ALL be winners or losers correspondingly - in theory at least. Of course when the whole market goes up, there are still many shares that go the opposite way. Conversely, when it goes down, etc.
Now betting is another matter, and then I agree there have to be losers, in fact more losers than winners (if you count out the bookies) because no one is creating anything of value - talents buried and all that.
... which is why I invest but virtually never bet. I take a view, as informed as possible, about where value is likely to be created (better still if it already exists unrecognised) and back it.


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