Open Archive 7
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redeeming value ?...
Posted by gehrig on 4 April 2000, at 9:57 a.m., in response to Re: apples/oranges..., posted by George on 4 April 2000, at 8:10 a.m.
what is that value when avaricious gamblers pay 40-200 times a particular entities "book value" or "annual earnings" ? is it valuable that the market becomes further bloated ? each trade requires that one gain, ulitmately at another's expense.
i pursue diverse things..."addicted" to quite a few in fact. cover issues limit that discussion but these addictions include the securities markets, real estate ventures, occasional currency trades, and a number of intellectually challenging "games".
your bent is one of suggesting that since 21 involves money, and it doesn't add to an inflated securities market, then it has no redeeming value. i view 21, poker, bridge, hearts, 9 ball, pinball, antique/collectible bartering, real estate flips, mercantile and service businesses, all as games. each of these have risks, some use money as a measurement of gain, others not. i see no distinction between them as each requires some measure of skill to gain, usually at another's expense, financially or otherwise.
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