א - ר, א-ר !!!!!!
א - ר, א-ר !!!!!! אתה לא יכול לצפות ממני שאמנע מלצטט את אלן אבלסון בבארונ`ס השבוע כדלהלן: The last myth we`d like to mildly eviscerate is a residue of the recent looney epoch that came to an ignoble end in March 2000. It contends that stocks always go up; hence the only true risk they carry is the risk of not being owned. This delusional view is oblivious of history and experience, hard fact and commons sense. Such misssing ingredients, far from discouraging its advocates, seem to serve only to harden their conviction of its validity. As Alan Newman, the scholarly author of CrossCurrents, an investment newsletter put out under the aegis of HD Brous & Co, notes, the unfortunates who bought at the top in `29 had to wait until 1955 to get even. Those who bought at the highs in `66 didn`t get above water until 1995. And the unsuspecting souls who got into the market in December `72 waited a full decade for a good night`s sleep. נדמה לי שמשפט המחץ לענין נכתב כבר בקוהלת....
א - ר, א-ר !!!!!! אתה לא יכול לצפות ממני שאמנע מלצטט את אלן אבלסון בבארונ`ס השבוע כדלהלן: The last myth we`d like to mildly eviscerate is a residue of the recent looney epoch that came to an ignoble end in March 2000. It contends that stocks always go up; hence the only true risk they carry is the risk of not being owned. This delusional view is oblivious of history and experience, hard fact and commons sense. Such misssing ingredients, far from discouraging its advocates, seem to serve only to harden their conviction of its validity. As Alan Newman, the scholarly author of CrossCurrents, an investment newsletter put out under the aegis of HD Brous & Co, notes, the unfortunates who bought at the top in `29 had to wait until 1955 to get even. Those who bought at the highs in `66 didn`t get above water until 1995. And the unsuspecting souls who got into the market in December `72 waited a full decade for a good night`s sleep. נדמה לי שמשפט המחץ לענין נכתב כבר בקוהלת....