Monday, November 17th, 2008...2:13 pm

Two Depression-Proof Stock Exchanges ($CIB)

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Exchanges are like casinos. In fact, they are “the house.” Think about it, at the casino, who is the guy that slides cards across the table? Got the answer? Okay. Now, who is the guy that slides stock certificates across the table? The answer to both is “the dealer.” The casino dealer and the agent of the broker dealer.

Many Americans shop around for a good broker (lowest commissions, best executions, etc.) and some Americans shop casino’s for “the loosest slots,” but I’ve never met anyone that shops around for the best exchange. If someone did shop the world for the best stock exchanges looking for the most bullish pools of stocks, here is what they would discover: (found at the World Federation of Exchanges)

best stock exchanges

The common stereotypes that come to mind when considering Tehran and Colombia are guns and drugs. Which makes a lot of sense right now. In the earlier Great Depression, industries/producers of vice did extraordinarily well.

While I couldn’t find any Iranian stocks traded on the U.S. exchanges, here is the one and only Colombian ADR to consider. If you review the fundamentals of it, you may wonder why its price is going down. If you don’t get it, let me reiterate: it isn’t about the cards, it’s about the house.

More on this topic (What's this?)
The Best Casino Ever - Restarting Ultra Real Estate (URE) (Fund my Mutual Fund, 11/21/08)
Both Our Supports Broken in 1 Session (Fund my Mutual Fund, 12/1/08)
Buying Lottery Tickets and Going to the Casino? (Canadian Personal Finance Blog, 11/25/08)
Read more on Resorts & Casinos, Stock Exchange at Wikinvest

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    This is good stuff. It reminds me of a story my Dad always told about my 3rd or 4th cousin who was a pit boss in Reno... When my dad asked him how he felt about taking money from a guy who should be spending it on his kids shoes and what not, he simply replied- "If I don't take his money, the casino down the road will"

    On a more serious note, I think we all need to spend more time investing in our only real wealth, Body Mind and Soul.

    Get smart! let us put shingles on our homes in heaven. The stock exchanges are nothing more than a pimple on the buttocks of human history.

    The one constant with man kind is this: Give us enough time and we will destroy any thing that god gives us that is good... Then we go beg for his help to re-build, and he has mercy on us so we can start a new.

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