From James Stewart, Common Sense, some good rules to live by :
-When the market falls and stock values decline, focus on buying rather than the current value. When favorite stock falls in price, most paralyzed. Phenomenon not limited to neophytes. Ibankers seem comfortable spending billions only when high prices. e.g. M&A pick up during market peaks.
-Remember that stock represents fractional ownership in an ongoing enterprise.
Interesting Barron's section this week. Round-table II. After the scolding last week, they left us 2 copies of the paper this morning, guess am shrewish after all ;) Also signed up for brokeragelink at Fidelity. Might as well manage retirement funds as well. Have a couple of good ideas for those funds. Advising T to buy VGENX and fuggedaboutit for 1 year. Also thinking of going to Omaha this year for the annual meeting, may be fun.
Need to do some regular work today. Lagging pitifully behind on that. Atleast it provides the steady, if unspectacular steady-state and gives me something to do during the day.
Nice Quote :"The happiest conversation is one where there is no competition, no vanity, but a calm interchange of sentiments". - Samuel Johnson