From: Dossy (dossy@panoptic.com)
Date: Sun Jun 15 2003 - 05:31:15 MDT
On 2003.06.15, Rafal Smigrodzki <rafal@smigrodzki.org> wrote:
> ### Simple - long term stock price is largely determined by the earning
> power of a company, and this usually stems from the factors you mention. In
> the short term, "irrational exuberance" can achieve a lot, before inevitably
> crashing.
This reminds me of a quote. "In the long term, everything works out.
In the long term, we're all dead. What good is 'money in the long term'
when we're all dead?"
I think what's important to a lot of folks is not money 10 years from
now, but money 30 days from now when the next round of bills are due to
be paid. Having a decent strategy to accomplish that ... well, that's
important.
If you're willing to sock money away today only expecting to touch it 1,
5, 10 or 30 years from now ... well, of course, your investment strategy
is going to be much different. But ... wouldn't the money be more
useful to you today, tomorrow or next month instead?
Opportunity cost ...
-- Dossy
-- Dossy Shiobara mail: dossy@panoptic.com Panoptic Computer Network web: http://www.panoptic.com/ "He realized the fastest way to change is to laugh at your own folly -- then you can let go and quickly move on." (p. 70)
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