ext_21159 ([identity profile] matt-arnold.livejournal.com) wrote in [personal profile] nemorathwald 2008-11-06 03:01 am (UTC)

Oh, it's really interesting to talk to a trader. But wouldn't you say that gambling never creates new wealth, it only redistributes it? Therefore, if your 33% didn't come from somebody swallowing some kind of conservative propaganda, who did it come from? Perhaps what I'm hearing you say is that if you make a fair-minded and safe bet against a very large number of smart people who are only a little bit more wrong than you, all those little bits add up to a lot for you.

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