If anybody could pass the challenge, why would they? - Page 4

JollyRoger · 23rd March 2013, 10:30 PM

Im wondering, since nothing if free, in that everything has a price in some form or other. What price would you pay (material or otherwise) if you used these abilities on wall street to make Billions

rjh01 · 25th March 2013, 01:26 PM

I agree with JollyRoger. If a person could predict the future they could make a fortune on the stock market. Imagine buying speculative stock just before they made a major announcement that sends their stock price up. Rinse then repeat.

Ladewig · 26th March 2013, 02:43 PM

Originally Posted by rjh01

I agree with JollyRoger. If a person could predict the future they could make a fortune on the stock market. Imagine buying speculative stock just before they made a major announcement that sends their stock price up. Rinse then repeat.

Be careful.
The IRS or SEC might have some questions for you if all your trades produce a 30% return or better and none of the stocks was held more than a week or two.

r-j · 26th March 2013, 03:13 PM

ouch

xterra · 26th March 2013, 05:07 PM

Ladwig's posting might be the answer to the question JollyRoger was asking:

Quote:

Im wondering, since nothing if free, in that everything has a price in some form or other. What price would you pay (material or otherwise) if you used these abilities on wall street to make Billions

If one made too much money too quickly, there might be a presumption of illegal activity.

If as a defense, one demonstrated the paranormal ability, probably some other* organizations would be interested.

*Also known by their initials.

Ladewig · 26th March 2013, 07:17 PM

Originally Posted by xterra

Ladwig's posting might be the answer to the question JollyRoger was asking:

If one made too much money too quickly, there might be a presumption of illegal activity.

If as a defense, one demonstrated the paranormal ability, probably some other* organizations would be interested.

*Also known by their initials.

I think with a bit of planning, suspicion could be avoided.
I would hate to have to convince one government agency that I was psychic while trying to convince another government agency that I wasn't psychic.

JollyRoger · 27th March 2013, 01:26 PM

Originally Posted by xterra

Ladwig's posting might be the answer to the question JollyRoger was asking:

If one made too much money too quickly, there might be a presumption of illegal activity.

If as a defense, one demonstrated the paranormal ability, probably some other* organizations would be interested.

*Also known by their initials.

Since our traditionally called "woohoo super power" has not and I believe can not be proven scientifically for any number of reasons, demonstrating paranormal ability would seem highly unlikely if not impossible. In addition if you were charismatic enough to explain it away as, "I just did my homework, used logical deduction and a bit of luck" and the stock market worked out well for me, they might keep an eye on you but thier would be no illegal activity involved. However anything that gives you an unfair advantage over your opponent can be considered cheating.

23rd March 2013, 10:30 PM	#121
JollyRoger Muse Join Date: Apr 2006 Location: Buggery's Island Posts: 543	Im wondering, since nothing if free, in that everything has a price in some form or other. What price would you pay (material or otherwise) if you used these abilities on wall street to make Billions
	__________________ The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science. He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed. Albert Einstein

25th March 2013, 01:26 PM	#122
rjh01 Gentleman of leisure Tagger Join Date: May 2005 Location: Planet Earth Posts: 17,195	I agree with JollyRoger. If a person could predict the future they could make a fortune on the stock market. Imagine buying speculative stock just before they made a major announcement that sends their stock price up. Rinse then repeat.
	__________________ dddffffpppqqqq Want to use your computer for something that will make society better? See this thread for details Folding@home

26th March 2013, 02:43 PM	#123
Ladewig Hipster alien Join Date: Dec 2001 Location: not measurable Posts: 16,826	Originally Posted by rjh01 I agree with JollyRoger. If a person could predict the future they could make a fortune on the stock market. Imagine buying speculative stock just before they made a major announcement that sends their stock price up. Rinse then repeat. Be careful. The IRS or SEC might have some questions for you if all your trades produce a 30% return or better and none of the stocks was held more than a week or two.
	__________________ Is the JREF message board training wheels for people who hope to one day troll other message boards? It is not that hard to get us to believe you. We are not the major leagues or even the minor leagues. We are Pee-Wee baseball. If you love striking out 10-year-olds, then you'll love trolling our board.

26th March 2013, 03:13 PM	#124
r-j Often found wandering in a fog of confusion Join Date: Nov 2008 Location: the warm and sunny south Posts: 1,487	ouch
	__________________ ab initio

26th March 2013, 05:07 PM	#125
xterra Muse Join Date: Apr 2012 Location: On the outskirts of Nowhere; the middle was too crowded Posts: 625	Ladwig's posting might be the answer to the question JollyRoger was asking: Quote: Im wondering, since nothing if free, in that everything has a price in some form or other. What price would you pay (material or otherwise) if you used these abilities on wall street to make Billions If one made too much money too quickly, there might be a presumption of illegal activity. If as a defense, one demonstrated the paranormal ability, probably some other* organizations would be interested. *Also known by their initials.
	__________________ Over we go....

26th March 2013, 07:17 PM	#126
Ladewig Hipster alien Join Date: Dec 2001 Location: not measurable Posts: 16,826	Originally Posted by xterra Ladwig's posting might be the answer to the question JollyRoger was asking: If one made too much money too quickly, there might be a presumption of illegal activity. If as a defense, one demonstrated the paranormal ability, probably some other* organizations would be interested. *Also known by their initials. I think with a bit of planning, suspicion could be avoided. I would hate to have to convince one government agency that I was psychic while trying to convince another government agency that I wasn't psychic.
	__________________ Is the JREF message board training wheels for people who hope to one day troll other message boards? It is not that hard to get us to believe you. We are not the major leagues or even the minor leagues. We are Pee-Wee baseball. If you love striking out 10-year-olds, then you'll love trolling our board.

27th March 2013, 01:26 PM	#127
JollyRoger Muse Join Date: Apr 2006 Location: Buggery's Island Posts: 543	Originally Posted by xterra Ladwig's posting might be the answer to the question JollyRoger was asking: If one made too much money too quickly, there might be a presumption of illegal activity. If as a defense, one demonstrated the paranormal ability, probably some other* organizations would be interested. *Also known by their initials. Since our traditionally called "woohoo super power" has not and I believe can not be proven scientifically for any number of reasons, demonstrating paranormal ability would seem highly unlikely if not impossible. In addition if you were charismatic enough to explain it away as, "I just did my homework, used logical deduction and a bit of luck" and the stock market worked out well for me, they might keep an eye on you but thier would be no illegal activity involved. However anything that gives you an unfair advantage over your opponent can be considered cheating.
	__________________ The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science. He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed. Albert Einstein