From: hal@finney.org
>Can this be explained because people aren't as confident in their beliefs
as they like to think that they are? They're "sure" that the stock is
underpriced or overpriced, but when it comes time to put their money down,
suddenly they are not so sure.<
The stock market encourages the "hunch" theory. People enjoy this venue for
making hunches. The reality is that the dollar value does not support
hunches. The physical dollar sign requires facts - specific decimal points.
Those who are confident in their beliefs have developed a track record for
success in an advantageous environment.
Natasha
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