I got up early and watched Dr J. on ABC. He appeared especially happy and confident.
Grant, on the other hand, seemed glum. Perhaps because he advanced a typical "elevator" argument. You know, "everytime I've left the ground before it has been by elevator. And we know that all elevators rides have certain characteristics in common: they never go higher than 100 floors off the ground, they go up and down, they usually let you off on the ground floor, and the ride never, ever, takes longer than 5 minutes. As, by my calculations, we are now over 300 floors off the ground, and the ride has lasted well over 15 minutes, things must end badly." And if, in fact, we are in an elevator, things will end badly.
That's why we earn a profit by risking our capital.
- Fred |
