$PSGR To escape the daily routine, there is Disney World, Universal Studios, and several other theme parks as well as Las Vegas and Reno for the grown-ups.
I suppose another way to escape reality is to buy stock in a company that has been around for a long time and produced absolutely nothing throughout its existence. The investor can pretend that the share price will increase each and every year. The investor can even day dream that the share price will quintuple every few years. "After all, the share price was ONLY $X.XX when I bought it! Oh yeah, I forgot, each time I thought it was going to go up, I bought X thousand more shares. I know the price hasn't gone up...well, actually it has gone down....BUT I know that sooner or later the share price will go way up!!! The company issued some Press Releases that said some BIG things are in the works!!!!"
If an investor has this type of mindset, HOW LONG should the investor remain STUPID before actually realizing that the stock that is owned was/is/and will probably always be worth little or nothing?
I know one stock that people have held for 1, 2, 5, 10, 15, or 20 years and NOTHING has occurred at the company since Day One....well, there were dozens of 'promises' throughout the years that something was going to happen some time in the future. But.....NOTHING.
Hmmmmm....I may be caught somewhere between STUPID and Living in the Real World because I know one stock that I bought has done NOTHING for many years...even after all those 'promises'. I knew it 20 years ago and I still know it now. I guess the ONLY distinction between STUPIDITY and REALIZATION is that I have not purchased any of the worthless stock in MANY years.
I am POSITIVE that there are many who have purchased this type of stock who are now smacking the side of their heads and saying "GAWD, how could I have been so STUPID????!!!!" Not to worry...we have all been there...just that some of us have become extremely VOCAL about the failures of the companies that just sit by and take the shareholders' money to spend as they please. Y'know...they have nothing to prevent them from paying hard cold cash or giving 'employees' or 'consultants' MILLIONS of shares as 'compensation' for their (ahem) hard work. (Doesn't 'hard work' have to produce some sort of REAL result??????)
I suppose another way to escape reality is to buy stock in a company that has been around for a long time and produced absolutely nothing throughout its existence. The investor can pretend that the share price will increase each and every year. The investor can even day dream that the share price will quintuple every few years. "After all, the share price was ONLY $X.XX when I bought it! Oh yeah, I forgot, each time I thought it was going to go up, I bought X thousand more shares. I know the price hasn't gone up...well, actually it has gone down....BUT I know that sooner or later the share price will go way up!!! The company issued some Press Releases that said some BIG things are in the works!!!!"
If an investor has this type of mindset, HOW LONG should the investor remain STUPID before actually realizing that the stock that is owned was/is/and will probably always be worth little or nothing?
I know one stock that people have held for 1, 2, 5, 10, 15, or 20 years and NOTHING has occurred at the company since Day One....well, there were dozens of 'promises' throughout the years that something was going to happen some time in the future. But.....NOTHING.
Hmmmmm....I may be caught somewhere between STUPID and Living in the Real World because I know one stock that I bought has done NOTHING for many years...even after all those 'promises'. I knew it 20 years ago and I still know it now. I guess the ONLY distinction between STUPIDITY and REALIZATION is that I have not purchased any of the worthless stock in MANY years.
I am POSITIVE that there are many who have purchased this type of stock who are now smacking the side of their heads and saying "GAWD, how could I have been so STUPID????!!!!" Not to worry...we have all been there...just that some of us have become extremely VOCAL about the failures of the companies that just sit by and take the shareholders' money to spend as they please. Y'know...they have nothing to prevent them from paying hard cold cash or giving 'employees' or 'consultants' MILLIONS of shares as 'compensation' for their (ahem) hard work. (Doesn't 'hard work' have to produce some sort of REAL result??????)
