Wed 18 Apr 2007
Zero Sum Real Estate
Posted by Jose L. Velez under Arbitrage, Business, Daily News, Economics, Real Estate, Sociology, Statistics
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Back in the late 90’s and early 2000 the rage was making a quick buck in the stock market. You could throw a dart at a moving stock ticker and still make money. Authors, talk show hosts, and other ‘experts’ abounded in their availability and willingness to share their winning methods. Day trading became the new buzzword, as a new breed of its constituents threw caution to the wind and staked their fortunes on the concept that profit was just an abstract idea and that it created itself out of thin air. (more…)
