are you ready to rumble?, page-26

Taz,

Yeah, I knew you'd nitpick about that.
As I've explained before, many times, I enjoy watching bubbles and investment manias and trying to pick the top, you never know what's going to happen, I enjoy it, the problem is punters lose money when it goes bust, but you try and convince them they're wrong, it's nigh on impossible, so that's just what happens, like it or not.

There's always a bubble somewhere, the oil bubble, silver, stockmarkets, the 1987 crash was a classic. I made some money out of that but made sure I was out before trouble struck, a guy from a firm I was dealing with shot himself in the back yard. I don't enjoy seeing punters go under but that's often the result, others cash in by picking up the pieces, it's fact of life.

When the gullible get emptied out it's Darwin's Theory of Natural Selection at work.

In 1987 scamsters emerged from everywhere to milk the naive punters. Champagne, parties where shares were the main topic, insider trading, new cars, flash houses, TV programmes on shares, a bit like the recent property boom.

Great to watch, but 'it's not different this time', as much as posters here would have you believe it is.

I enjoy the banter, I reckon everyone can increase their investment acumen on sites like this.