The Third Estate
What Is The Third Estate?
What Has It Been Until Now In The Political Order?
What Does It Want To Be?

Some Investment Advice

Tuesday, August 23, 2005
And the award for most amusing op-ed of the week goes to Chris Harris at the NYT.

It's really something how bubbles work. The first principle of investment is to buy low and sell high. But some market gets hot and everyone loses their sense of reality. They're all buying high and guaranteeing that they will sell low. The greed for the maximum return is a fatal delusion that afflicts many. Asked why he got out of the stock market just before the Great Depression, Joe Kennedy said "Only a fool holds out for top dollar."

Words to live by.
Posted by Arbitrista @ 10:44 AM
Post a Comment
<< Home

:: permalink