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dougSF30

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dougSF30

Re: alan81 post# 18192

Thursday, 11/20/2003 11:26:58 AM

Thursday, November 20, 2003 11:26:58 AM

Post# of 97794
Alan,

You also don't understand that you needn't be "smarter" than other poker players, because people use options for different reasons-- some EXPECT to lose a little money on options, and are using them to reduce risk, so they are happy with paying for the insurance. Others may buy options on speculation. With these sorts of arguments, I hope you own nothing other than index funds-- how dare you think you can beat the average by picking stocks...

I've seen this bizarre "zero-sum" argument crop up on other boards before... is there some book spouting this nonsense, or something? Where does this line come from?

Doug

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