Group C Response
// Posted by Ginger on 06/06/2015 (9:21 PM)
Your question regarding the intimidation of trading with the NYSE is interesting to me. It is interesting because I have never thought about trading on the NYSE. I have never wanted to. I am embarrassed to say that I do not know enough about it to even know where to begin. Years ago I was watching Oprah and she had a guest on. It was a young girl and she was telling her story about buying stocks. Oprah asked her which stocks she bought and the little girl said that she bought stocks from companies that made the products that she used. It was a long time ago so I do not remember which ones she purchased but she had really good advice. She said buy them and leave them alone! Give the stock time to recover if there is a downturn! I thought that was pretty good advice, but it did not prompt me to go and buy any.
With that having been said, I think there is a chance that some of us, probably me, can get left behind. The question is does it matter? If I am up-to-date on one thing to I have to be up-to-date on everything? For example video games. When I was a kid I remember going to my aunt’s house and playing Pong. The next big game to come out was Duck Hunter? Do any of you all remember those games? Then there was Pac Man and Mrs. Pac Man, and I think that is when I stopped playing video games. Does this mean I am left behind? Possibly. Probably. But I am okay with that!
As I have said before there are people that will take advantage of those of us that are not up-to-date on things, but the clip that I posted earlier this week from 60 Minutes is to me a bright spot. Brad Katsuyama saw something that he did not understand and tried to figure out why it was happening. He found the loophole that others were using to get the trade first. He didn’t like it and did something about it. He is one of the good guys. He left a high paying job to do the right thing the right way. He even told other people what was going on.
I have attached the trailer from the movie Office Space because of the fraction of a penny virus. I think it is funny and appropriate for this week’s discussion. I know it is only a movie, but the fractions added up rather quickly!