bargain of the century, page-38

"If you lose all in the ones you freehold, what have you lost? Nothing."

That is ridiculous. Absurd. It's Mickey Mouse investment theory. It's a typical gambler's mentality of pretending to be "playing with someone else's money." Pretending that you "can't lose."

If you invest $50,000 in AYN and sell $50,000 worth of AYN when those shares are worth $100,000 you still own $50,000 worth of AYN shares. If those alleged "freehold" shares that were worth $50,000 become worthless you are $50,000 poorer because you have just lost $50,000 worth of AYN shares.

Don't pretend you've lost nothing.