'Investors (and i include myself here) are all hard-wired into a survival trip. No more of the optimism that fueled the "as good as it get's", era. That was the fatal flaw in Mick Billing's acid trip. He crashed around Australia, uk and asia selling "Molyhil near term production" without ever giving a thought to the grim meat-hook realities that were lying in wait for all the people who took him seriously..(me included). All those eager investors looking for the next big thing who thought they could buy profit and reward for three cents a share. But their loss and failure is ours too. What Billing took down with him was the central illusion of a whole global market that he helped create... a generation of permanently crippled, failed investors, who never understood the essential old-mystic fallacy of the investment culture: the desperate assumption that somebody... or at least some thing, some force - is tending the light at the end of the tunnel.'
with massive apologies to hunter.s.thompson...
MT
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