Capitalism

[Al Taglavore <altag@xxxxxxxxxxxx>]

Greatelto wrote ".... and that because of the game, those who gain
wealth take it from
somebody else, and they therefore, wind up with less.  The strong take
from or
create the weak.

You mention nothing about creating wealth, which in my opinion, is the
most
important point.  Capitalism is about building and creating new wealth,
which
in turn will benefit most but not all people.  It is not a perfect world
that
we live in and it never will be.  But like a stock market, there are
many
opinions.

Jerry
===================

I would like to add to my wealth in a very significant way.  I trade,
and when I trade, I attempt to extend my gains and cut short my
losses---just like the good book says.  If I am to add to my wealth,
someone must lose: there is no other way.  The commodity markets are a
zero sum game.  If I am to create wealth, then I can not see that it
will benefit the most people, as I do not intend to re-distribute my
wealth.  If I lose a trade, someone else adds to their store with what
once was mine.

I have read and re-read Harley's original post, and I cannot find what
he wrote that has brought forth such a clamor.  Does not Edwin Lefevre
(Reminiscences of a Stock Operator) write about what Harley stated? 
Does anyone believe that market "engineering" does not now, and has not
always existed?  When any of you make a trade, are you not attempting to
get someone else's assets?  The markets are not about strong and weak.
Simply, the risk taker who is right wins and the risk taker who is wrong
loses.

I surely do not intend to add fuel to this fire, but I  cannot
understand how such a simple post has drawn such passionate
discussions.  I will now go back to analysing my Bond and D-Mark charts
in the hopes that I can put on a winning trade tomorrow, add to my
wealth, and try not to fret that if I have won, someone else has lost.  

Al Taglavore