CNN's London correspondent Richard Quest reflects on that brave breed of investors who actually had the guts to bet on stocks at the height of the global stock bust... and now boast about the money they've made. Exclusive to domain-b

You can spot them at cocktail parties. You can spot them on the golf course. You can spot them at restaurants around the globe. Standing, holding court to all who will listen. They pontificate about their sagacious reading of the stock market.

They are the Smug Stock Bores! People who actually bought shares that had been so badly beaten down in early Spring, and are now showing percentage gains in the triple digits.

I first noticed it this week when AIG announced a profit of $1.8 billion in the second quarter; its first profit in nearly two years. AIG shares rocketed up 20 per cent.

So why did so many of us fail to collect on this 'free money' from these 'sure buys'? Hindsight. Rear view mirror investing. Call it what you will.

Back in February and March we witnessed a near 30 per cent drop in major indices in just three months. It seemed possible that this was the second, or third leg of the stock market crises. The prospect of further widespread losses could not be discounted.

So most of us just got on with our lives, trying to save our jobs and forgot about putting money into that leaky bathtub known as the stock market where wealth flowed down the plug hole.