Friday, November 21, 2008

Chapter 19: “If you are drowning in four feet of water and come up two feet, you are still drowning”

If it is possible to actually enjoy the humour that is often inadvertently present in a business meeting, then this line probably sums it up. In fact, my wife often reminds me to think about the stock market gyrations when the market has been down for some time and the media reports, “stock market gained 100 points today”. Lost in that story is that the gain remains significantly below the overall market loss. And what everyone really wants to know is when is my portfolio going to start gaining in value once again?; when am I going to get to retire? So unless you have the ability to breath under water, the best solution is to hold your breath.

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