bizwiz
Beginning Investor
Posts: 5
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Post by bizwiz on Aug 26, 2007 12:52:19 GMT -5
 Long Term Goal: Gain a better understanding of how Business works by using WSR as a business simulator. Short Term Goal: Learn how to use the WSR program. Task: Multiple Strategies to run a variety of business simulations to learn both the workings of WSR and improve business acumen. Task #1: Setup an individual Investor Strategy to... - Buy and sell Stocks, Bonds and Options Task #2: Setup an individual Investor Strategy via a Holding Company to... - Buy and sell Stocks, Bonds and Options Task #3: Setup a Holding Company, buy and control an under valued company, grow it and then sell it for a profit and repeat. Task #4: Setup a variety of business scenarios to improve my business acumen. Request to WSR Author: Can you provide some basic step-by-step tutorials on how to achieve the above? I was expecting more detail..."How To's" from your strategy manual, but instead all I see is more detail on the various features. I am looking for a bit more help.
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Post by wimpyraider on Oct 29, 2007 16:13:45 GMT -5
Hmmm... It seems that somebody has an unrealistic expectation of what can be gained from playing a simulation. THIS simulation gives the player a taste, (just a taste, mind you), of the thrills and chills of big finance and manipulating the stock market via playing the part of a Wall Street RAIDER, not as a Harvard MBA.
The part of the game you would be missing, if anybody ever answered your query, is figuring out all on your own, how to start with little, and make it grow big. Practice anything that occurs to you. When you get blasted out of existence, try something different.
If this simulation could REALLY teach you about real life, I'd be richer than ALL the people on Forbes top 100 list...sigh!
If you wish to learn a smattering about "Business", aka accounting, then a good program is either Capitalism or Capitalism Plus. The graphics in Cap II don't make anything any clearer, and the lack of good graphics make it worse, in some ways. You STILL won't know anything about business, but you will at least learn several dozen basic concepts, always a great start!!! You might possibly learn a few things that DON'T work, and that is even better (remember Edison and the light bulb learning process).
W$R is a longterm love of mine. I simply want to own everything, and it allows me to do that. Have I learned anything useful? Hard to say. I've run several businesses on my own. That would be your fastest way to learn "Business". Make it your objective to NOT go broke, (so you can keep playing the game, in real life), and then sell, abandon, or plain just cease business operations after a couple of years. Take what you've learned and start a different business. Make 10 times the money and go on from there.
If you make so much money that you have to drop out of school (just ask Bill if that paid off for him!), then reconsider my advice about selling or abandoning your business, since you're doing far better than anybody expected!
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