On Trading Stock

Moral Of Galleon Insider-Trading Bust: Only Fools Try To Beat The Street

Perhaps you are one of the folks who deludes themselves into thinking that with an hour or two a day of "homework", you can out-trade Galleon. If so, Galleon is thrilled to have you in the game. As are the hundreds of other firms who make their money whipping suckers like you.

There's a saying in poker: If you don't know who the patsy is at the table, it's you.

Next time you feel like bellying up to the Wall Street poker table, therefore, ask youself again who the sucker is. Chances are, it's not Galleon.

Note that the author does not refer to investing, that is a different issue and you can do quite well with that as an individual. He is referring to trading as a form of gambling, since that really is its nature.