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Originally Posted by Baraka_Guru
Ace, I'm not saying that that type of investing doesn't happen. What I'm saying is that's not the type of investing that drives most of the economy.
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The economy will be stagnant (sure there is organic growth due to population, etc., but that is not what we are talking about), unless there is something that causes it to grow. Investment causes the economy to grow. Investment is the cause of change. Investment is the cause of productivity gains. Investment is the cause of quality of life improvements. Investment leads to the surplus' that feeds government.
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For most investors, "the gut" isn't a good financial advisor.
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I am not necessarily talking about investing in stocks and bonds. For example Facebook isn't public, but the founder invested in the company. The founder had an idea, that is now worth billions and has had a major impact on the world before anyone on Wall St. will be able to buy a single share of stock.
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What you're talking about is often the lure for speculative investors who probably aren't interested in long-term holds. They're the guys looking for short-term explosive growth before selling off and seeking out the next thing.
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I am talking about guys like Hewlett and Packart who started HP in their garage.
---------- Post added at 07:51 PM ---------- Previous post was at 07:45 PM ----------
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Originally Posted by Pearl Trade
What about all the bad and average investments? For every world-changing, life-altering investment, there are hundreds and probably thousands or millions of bad/average investments. The law of probability says your investment won't do a whole lot for you. Especially in a tough economy, less people are willing to take that risk.
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Who was it, who had 99 failures for each success - was it Edison. We simply need an environment where people who can change the world have an opportunity to do so. We need to celebrate success, not punish it.