Where's Your Head At?: I'm Calling You Out

[bobkat]

Disclaimer: I don't make frankens, just wear very accurate reps.

The answer to your question is simple for me. I could buy a 5k gen every month and not notice. But, instead I could take a short position or buy into a security for the long run, or angel on a startup. If it tanks, i dont notice. If my return is exemplary then i do. There is absolutely no reason to spend money (which is the only way to really make money) on something that brings you temporary pleasure. The same applies to my automobile. Sure I could buy a brand new 997 or I could buy an 09 for a fraction of the price, freeing up capital to make more of itself.

If someone had decided to own 6 reps instead of 6 gens, 25k could have gone into high risk high reward dndn at 4 bucks and offloaded at 40 a couple months ago. That's 250k that will never go to a gen.