Asked to explain the difference between gambling on a horse race and investing in the stock market, the American humorist Will Rogers famously replied: "In horse racing, you bet on a horse. If it wins, you make money; if it doesn't, you lose money. In the stock market, you buy a stock. If it goes up, you make money; if it doesn't, you lose money. See the difference??!!"

Don


Moses replies: Interesting the spanking Don S is giving DBS/T3 on the stock market. Great quote. I see it as the term of the investment. Horse racing is a one or two minute investment. Ballgames are two to four hours investment. Whether it's over. It's over. The stock market can always come back. But personally, I still never care for the term "it's only paper."