[vpFREE] Re: Bob Dancer's LV Advisor Column - 18 DEC 2012

 

McDonald's doesn't bankroll interested investors, instead they charge a hefty franchise fee. You have to find some other sucker or the government to bankroll you and take that risk. But if you can, that's the secret to successful investing, sell the risk to someone else and take as much of the reward as possible. That's why poker players like to sell stakes in themselves and companies like to sell stock and governments like to issue bonds.

--- In vpFREE@yahoogroups.com, "rob.singer1111@yahoo.com" <rob.singer1111@...> wrote:
>
> That's the first I've heard of unknowns asking a player to be bankrolled if they were to follow a methodology. I also don't know who would even consider this....or why. So I agree with the premise of the article. However, progressives "team" leaders/owners, from my in-person discussions with Frank Kneeland, do or have done this regularly with people they either know or have been told are up to snuff. And as I told him, I still wouldn't trust anyone who gambles, not to be distracted or tempted to do something that might affect me negatively. As far as the possibility of giving away trade secrets, advantage play and responsible money management are hardly secrets, and being able to seek out certain plays which appear attractive does not take a tested genius to do effectively.
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> ----- Reply message -----
> From: "Tabbycat"
> To: "vpFREE@yahoogroups.com"
> Subject: [vpFREE] Bob Dancer's LV Advisor Column - 18 DEC 2012
> Date: Tue, Dec 18, 2012 3:53 pm
> Good article debunking the oft-heard imitation logic of "If your system works, you should bankroll me." But there is at least one further drawback not mentioned: do I really want to teach my most valuable trade secrets to a stranger who might tell ten friends, any one of whom might have the ability and desire to become my competition? Even if she (the stranger) doesn't?
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