Liabilities exceed assets - so what, page-35

But maybe the lessons that need to be accepted and learned from are that The playing field is not even. The market is rigged. The share price has been manipulated. ASIC are not doing their jobs. Short-selling should be outlawed. Management lied.


Well, in that case if people think that the lessons they have learnt are that the playing field is not even, the market is rigged, share prices are manipulated etc. etc., then it begs the question why they would continue to participate in such a situation where they believe the odds are stacked asymmetrically against them.


By way of analogy:

Someone loses money on a game of craps.
He/she concludes that the loss has arisen because the dice is loaded.
But then he/she continues to play the game against the odds.


PS. How many times have you heard successful investors blame rigged markets, share price manipulation, uneven playing fields, or incompetent regulators for their investing mistakes?