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Re:Groupon is a straight-up Ponzi scheme by stevenj on Friday June 03, 2011 @06:22PM (#2618200)
In my opinion, the second type is not investing. It's speculating.

"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."

-Ben Graham, from chapter 1 of The Intelligent Investor

Re:Groupon is a straight-up Ponzi scheme by joe_the_user on Friday June 03, 2011 @08:57PM (#2618577)
Uh, in your parent post you essentially claim all investors are savvy.

In this post, you define non-savvy investors out of existence.

I'm not concerned with the true definition of an investor but all this redefining won't change the point that by looking hot and looking good one can get people to toss one capital.

Re:Groupon is a straight-up Ponzi scheme by elwaz on Friday June 03, 2011 @07:07PM (#2618318)
That is a really excellent quote, one that needs to get used a whole lot more. I've had a lot of fun recently describing the difference to friends.
Re:Groupon is a straight-up Ponzi scheme by imjustatechguy on Friday June 03, 2011 @06:25PM (#2618210)
You are correct. I should have used a more general word.