I'm not familiar with that quote, and Graham may have been correct on other things, but not what's he's presenting here, as if those are the only two options. Ironic considering his text is supposed to be educational, which begs the question of why a third option wouldn't be "educate yourself".
I realize the quote is out of context, but, in my opinion, financial "experts" have had a far more negative impact on the the market, stocks, and finance in general than failed businesses, self-managed wealth, and, certainly, a far less convoluted financial system.
Here's an experiment: take a small LED light on the tip of a wand that flashes 60 times per second, each time between red, blue, green. While it's still, it looks white.
Start whipping it around, however, and you can see the individual colors.
How fast does the light have to flash to maintain a white color?
Hey, just wanted to let you know I'm bouncing you onto my ignore list. I had a feeling I would when I saw your all-caps hysterics.
10K yesterday afternoon would have gotten you about $300 today. Bye now.
As if AMD is going out of business... not too many home users are going to buy a Pascal card... lol.
Buy, buy, buy. Drop 10k on AMD and make $500 in a few days.
Preowned sales increase when new console sales are down because the purchases extend toward use of existing previous generation platforms. New software sales aren't directly related to continued purchase of preowned games.
If there was a 1:1 relationship games available to download vs. buy physical copies (i.e. if every game was available for both) you might have some correlation, but as it stands, I don't see any significant erosion of physical purchases vs. downloads; as ibrowning states, there's currently no equity in digital purchases, though you're still paying full price.
Got some emails over the last few days from Gamestop announcing the Playstation VR Bundle.
For some reason, Amazon shows it as unavailable with no pricing.
Anyone excited about this? (I mean from a gaming standpoint...) It's been a long wait...
From an investing standpoint, I think the Sony units will dominate to start; I'm a bit wary of Microsoft under Nadella's guidance. The XBOX team seems to be doing fairly well, though. Hopefully it won't take the next XB1 model to run VR, but they're not even talking about it yet.
Sony will likely gain a HUGE lead here. Some launch titles look pretty questionable (Giant Robot Golf?) but others look pretty promising. I'm looking forward to trying it out and reading some unbiased dev notes.
GSs near me aren't typically what I'd call "packed" - but are always, always running the register.
They have also been retaining workers that know gaming - not ALL gaming, but they seem to be scheduling people who have a broad overall knowledge. They are gamers. This is good.