Comments on: Stokes’s $300m Cons Media plunge raises eyebrows and anxiety http://www.crikey.com.au/2009/07/21/stokess-300m-cons-media-plunge-raises-eyebrows-and-anxiety/ now with extra source Sun, 12 Feb 2012 07:51:14 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: John Bennetts http://www.crikey.com.au/2009/07/21/stokess-300m-cons-media-plunge-raises-eyebrows-and-anxiety/#comment-31967 John Bennetts Wed, 22 Jul 2009 06:23:14 +0000 http://www.crikey.com.au/2009/07/21/stokess-300m-cons-media-plunge-raises-eyebrows-and-anxiety/#comment-31967 There is no mystery as to why I avoid holding shares. The market is nought but a gamble, with the big boys playing with other people's money paying themselves handsomely for doing diddly-squat and acceptingnone of the risks. Essentially, they seem to corporatise the losses and privatise (through mega-bonuses) the gains. The more brazen, eg at MacBank, even privatise during periods of great loss, such as has occurred during the past 6 months or a year. No better example of the gambling instinct at work can be found than as exhibited by that insanely addicted Mr Stokes. There is no mystery as to why I avoid holding shares. The market is nought but a gamble, with the big boys playing with other people’s money paying themselves handsomely for doing diddly-squat and acceptingnone of the risks. Essentially, they seem to corporatise the losses and privatise (through mega-bonuses) the gains. The more brazen, eg at MacBank, even privatise during periods of great loss, such as has occurred during the past 6 months or a year.

No better example of the gambling instinct at work can be found than as exhibited by that insanely addicted Mr Stokes.

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