# If you have a retirement account, you might be a speculator.
# If you've ever bought stock, you might be a speculator.
# If you ever bought baseball cards or Beanie Babies as an investment, you might be a speculator.
# If you buy airline tickets early because you expect the price to rise as the time of the flight gets closer, you might be a speculator.
# If you wait to buy scalped tickets, knowing that the price falls as game time nears, you might be a speculator.
# If you buy gas upon hearing that oil prices have jumped again, you might be a speculator.
# If you wait to buy gas upon hearing that oil prices have fallen, you might be a speculator.
# If you went to college and chose a major because of the future it was expected to give you, you might be a speculator."

From Phil Miller.

Meanwhile, Bob Lawson has a word for those airlines we talked about last week. Right after I wrote that post, the same email arrived in my inbox.

Labels: economics