A Stock Doesn't Know That You Own

There Seems To Be Some Perverse Human Characteristic That Likes To Make Easy Things Difficult.

Too Often, A Vast Collection Of Possessions Ends Up Possessing Its Owner. The Asset I Most Value, Aside From Health, Is Interesting, Diverse, And Long-standing Friends.

It's Got To Be The Best Intellectual Exercise Out There. You're Seeing Through New Situations Every Ten Minutes. In The Stock Market You Don't Base Your Decisions On What The Market Is Doing, But On What You Think Is Rational. Bridge Is About Weighing Gain/loss Ratios. You're Doing Calculations All The Time.

Fear Is The Foe Of The Faddist, But The Friend Of The Fundamentalist.

None Of This Means, However, That A Business Or Stock Is An Intelligent Purchase Simply Because It Is Unpopular; A Contrarian Approach Is Just As Foolish As A Follow-the-crowd Strategy. What's Required Is Thinking Rather Than Polling. Unfortunately, Bertrand Russell's Observation About Life In General Applies With Unusual Force In The Financial World: "most Men Would Rather Die Than Think. Many Do."