I also discovered that many people in my finance classes are not active investors. I am like, wtf are you here for if you are not an active investor.
Some girl in class piped up, "I don't think any of us in here are able to invest in single stocks."
My professor looked at me because he knows I do...and I said, "Yeah, I do...it's all about priorities." and then I mentioned about being an options trader.
Later on, he said went on the diversify, diversify, diversify bullshit and after class I called him out on what diversification really is. He said, "What about LTMC (go to wikipedia and seach Long Term Capital Management...in a nutshell, it was a fund run by several people, including two Nobel Prize winners)...and I said, "so you really think Merton Scholes was the captain of that ship? He was just a brand name." He just walked off because another student asked him about some paper he didn't turn in.
I just don't get it. We are graduate level students and many have zero in retirement. I would hate to think that the guy sitting next to me has lost more money in the market than I invested.
