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Gold/Mining/Energy : Silver prices
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To: Tom Byron who wrote (649)2/6/1998 3:44:00 PM
From: Tommaso  Read Replies (1) of 8010
 
Yes --Callahan was up 4, I think, from 32 to 36 the day of the crash. This was a terrible disaster for me because I held a huge block of Callahan and this convinced me that I was a genius. Here's the market down, what, 25%, and here's my stock up ten or fifteen percent the same day. I had been right for nearly ten years straight on almost everything. In the next four years you would not believe how much money I lost.

One of the advantages of diversification that is never discussed is that you are always LOSING on something, and this keeps you humble. More or less.
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