Oct
31
Quote of the Day, from Victor Niederhoffer
October 31, 2010 |
Nothing says Vegas like swinging by safeway at midnight for a quart of milk and seeing three grandmas feed their social security checks into the slots as if they were reverse ATMs. I was reminded of my favorite (apocryphal) Vegas anecdote: "the city has passed a law prohibiting the pawning of false teeth."
What other field do we know that acts as a reverse ATM besides day trading, non-exchange trading derivatives, and penny stocks?
Kim Zussman writes:
Having children.
Gary Rogan writes:
Death and taxes.
Comments
3 Comments so far
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the quote above is from jr. Moehringer,’s excellent article in the Smithsonian( always worth reading ) of October 2010. vic
golf, women, and pop culture
Traveling sports for kids below Junior High.
Chasing Olympic Gold
Rodeo Circuit
Horse Showing
High matainence women
Start-ups with slow sales or low profit margin
Declining businesses with bureaucratic managment and out dated products.
Under reserved insurance-Mis-priced term life, Long term care or some other insurance where premium is up front, but risk/liability is long dated. (see mortgage insurance and underwriting)