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Comment Re:Don't understand (Score 1) 452

That would be OK, but on the other hand the guy who wanted a bike didn't necessarily want to pay as much.

The buyer could have walked away if he didn't like the price.

I just don't see why some fast-moving little bastard with special access should get to siphon all the value out of the transaction between us.

That's why you never put in orders at market. You always buy and sell with limit orders. If the order can be fulfilled at a price that you are willing to pay or accept then it happens. If not, the order remains active until the target price is reached and any other conditions, such as all or nothing (AON) or fill or kill (FOK), are satisfied. As a human investor, and not a computer, you prefer to have the price you want rather than certainty of execution at a certain time. You cannot win on timing, but you don't also have to lose on price. Will it be the end of the world if you cannot buy or sell at any given second? For most small investors the answer is almost certainly not which means that you can afford to be patient. That's your advantage. Let the high frequency traders pass their shares around like hot potatoes thousands of times per second, it's meaningless on time scales of months and years because the long term value of the investment will always trend back towards the long term value of the underlying business or asset.

It's because the consequences are far greater for us than past generations. We need the most optimal outcome just to get by.

Whether or not your order executed at $3.50 or $3.52 doesn't make a damn bit of difference over the long run. Learn the lessons of Warren Buffet and you will realize that the intense focus on high frequency trading is a tempest in a teapot for the long term investor.

Comment Re:Don't understand (Score 1) 452

You asked for $500. Presumably you were happy selling at that price. If you wanted more then why didn't you just ask for more in the first place? If you buy a Powerball ticket and don't win are you mad at the persons(s) who did? A curious trait that I've observed in young people, especially the so-called millenials or Gen-Y, is that they spend inordinate amounts of time agonizing over the minutia of every decision, whether important or not, because they're terrified of making suboptimal choices and regretting it later. Life is full of imperfect choices and suboptimal outcomes. Most of us learn to live with that, but a few never do and spend their lives in anger and frustration over what's fair and what's not or what might have been.

Comment Re:A little drastic but... (Score 1) 586

Humanity cannot survive for long apart from the natural environment. At present we lack the necessary technology to do so and even if we could, would we really want to? For now and the foreseeable future our fates, or more accurately the fates of our descendants, are tied to that of this planet.

Comment Re:A little drastic but.. (Score 1) 586

There will certainly be very serious consequences long before that. Many people will probably die of starvation or in resource wars along the way, but it would take a very arduous and protracted hardship to eliminate every last one of us, that's why I gave it 1000 years. If agriculture ever becomes very difficult or impossible then those who are still around will know on that day that they are in very serious trouble. I'm still hopeful that that day is far enough into the future that none of us will be around to see it.

Comment Re:A little drastic but... (Score 3, Insightful) 586

Human error could cause our extinction. Laugh away, guys.

Human error very likely will cause our extinction yet. In fact, it's something of a minor miracle that we haven't already wiped ourselves out. As you know well, since around 1952 and continuing until present there are still hundreds of nuclear warheads on alert and ready for immediate use. Beyond that there are several thousand more which could be reactivated or made operational within hours, days or weeks. There is also the matter of climate change and the ongoing destruction of the natural environment that sustains all life on this planet. Personally, I rather doubt that humanity will see another thousand years if some big changes aren't made within the next few hundred or so. However, that doesn't mean that we cant laugh at the absurdity of it all or appreciate the irony of an intelligent species using that very intelligence, often cited as our greatest advantage, to bring about our own annihilation.

Comment Re:Good line (Score 1) 617

You evidently don't understand what woosh is used for. It is reserved for when a joke goes over someones head.

As it did in this thread.

In order for something to be a joke it has to be funny.

It was funny, you just didn't get it.

There is nothing funny about your post, since there is no reason to go out in public to watch American Idol.

Ah, but you didn't say American Idol, you said "American Idiot" (sic). Hence the reason why the going out in public part is funny because those of us who are compelled to do so, especially here in America, find ourselves constantly surrounded by idiots. Why watch them on television, and thus bring them into our private homes, when we already encounter an endless parade of them every day in public? The mere suggestion is absurd. That's why it's funny.

Since all humor has an element of truth to it, and your post has no element of truth, it cannot possibly be funny, ergo ... no woosh for you.

You did not perceive it which means that you're either one of the aforementioned idiots or you lead a very sheltered existence. We'll give you the benefit of the doubt and assume the later rather than the former.

Comment Re:Free Market at Work (Score 1) 617

I blame neoliberalism.

There's a booming industry surrounding "victimhood" here in America, but the "victims" themselves seldom seem to get ahead. Don't believe that? Just ask the blacks. If you want something better for yourself then you must seize it with your own two hands because nobody cares more about where you end up than you do and if you don't care then nobody else will either. Luck is no accident, so go out and make your own and stop listening to the people telling you that you're a victim, it's not your fault and that you're entitled to something better. It's a trap.

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Practical people would be more practical if they would take a little more time for dreaming. -- J. P. McEvoy