"Betting on the Market" PBS Frontline (1997). CLIP 1 of 4.
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Uploaded by Theresa567 on Nov 18, 2008
CLIP 1 of 4. Includes interviews with Cramer, Van Wagonner, Lynch.
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@jnevares93 Man I told some people to buy it at $77 dollrs and they just ignored me, Now they wont talk to me cuz it estimated to reach 500 soon
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90% of "investment pros" dont even beat the market averages.They tout a story of "investing for the long term" or "buying great companies at low prices","technicals dont work" ie they pretend to be all knowing gurus with an ability to predict markets.Even the great Buffetts returned nothing in the last 10 years after inflation-those that do beat the markets consistently do the very opposite that the crowd is taught.
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lol look at aapl. 20.75!!!
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Jim Cramer "It Works" . Sure does, even if you lose billions of dollars, the tax payer will bail you out.
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END THE FED.....RON PAUL FOR PRESIDENT 2012
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Ah the 90s. It was a great time. Now we're screwed.
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dear Sharon if you still out there you probably cried through 2008 and still crying
1 year ago 5
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lulz, these people inadvertently and cluelessly showed both the coming internet bubble burst (with their active stock involvement) and the collapse in real estate (with their mcmansion dream home far above what they could self-evidently afford). the lesson: if you don't know anything about finance, real estate, or economics, don't bet the farm on everything working out well.
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Jeez. You can tell they just wanted to be rich. It might have cost them everything. I just hope they make out of the murky world of recession-era markets without going broke.
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Their is no way to prevent bubbles. When amateur investors are 'ripe' to believe they can beat the market veterans, nothing can dissuade them. My friends even buy stocks with the thought, "I can afford to loose this much on stock xyz". That's gambling! Buying a stock is no diffrent than buying a company. You should be thinking, "I want to buy this ZYX stock because I like the underlying prospects AT THIS PRICE!
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lol Jim cramer...
sleong 2 years ago 12
It's sad watching this.
Nuanceqwest 2 years ago 10