Investing and Trading are NOT the Same Thing

Investing is buying shares in a company for the purpose of sharing in that company's profits. Trading is looking to profit from the exchange of shares. This article identifies exactly why we need a very high tax on capital gains on short term holdings of stocks and other investments. And any loopholes that let the traders either avoid those taxes, or pass them on to mutual fund shareholders need to be closed.

Why the hell did I foot the bill for these guys to be able to go back to doing the same thing they did before that collapsed the financial markets a year ago? Talk about enabling someone's gambling addiction!!!!!!

Go Rangers

So here it is, nearly August and the Texas Rangers are still in the thick of things in the American League West race. While they did hit a rough patch for a bit and have relinquished their hold on first place, they seem to have righted the ship. Last night they completed a three game sweep of the Boston Red Sox. The first place Boston Red Sox.
They are not scoring runs in great numbers right now. Instead, they are winning old-school style with pitching, defense and smart base running. It has been a joy to watch them become an aggressive team on the base paths and hitters willing to take a walk. SO DIFFERENT!
They may not make the playoffs this year. They may not next. But they have gotten my attention a week before Cowboys training camp opens and I'm not the only one paying attention this year. Good for them.
Thanks, Nolan Ryan.

SS-DD

Mark Brooks hits the nail on the head once again with this op-ed.