Posted by RickFeliz on December 07, 2000 at 11:57:56:
In Reply to: Re: Something that really bothers me... posted by Matiz on December 07, 2000 at 10:59:55:
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"...everything comes down to what risk is acceptable. Each individual must decide that for himself." There is some evidence that "risk-taking" is an instinctual trait and not generally a conscious decision. There are people who not only continuously take risks but actively seek it out. I'm reminded of that everytime I see a guy on a motorcycle weaving in and out of traffic at 70-80 MPH on the freeway in the rain. There are also people who continuously and scrupulously avoid risks. They would never consider owning stocks - too risky. It's possible that we each have our assigned genetic "risk-profile". One way of viewing the stock market is that it's a way for different people with different risk profiles to assume, avoid, or hedge risk. Regards, |
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