This is for Steve (biotech valution thread)
siliconinvestor.com
I haven't had a chance to look at the Mish blog
yet, but I'll get to it soon. I have to say though,
when I see LIBOR and "commercial paper" and all
that, flags go up for me.
There are easier ways for me to rekon this, ones
that do not involve understanding high finance (not
that I don't enjoy the discussion).
My father was a mechanic at Grumman, and then for
most of his working life at Boeing. He weathered
layoffs, a strike, the stagflation of the '70s
and the high interest rates of the early '80s.
What I learned from him, was that if you live just
under your means you will do okay. He did upgrade
our residence a few times, from a very modest working
man's home, to a more comfortable residence with room
for two kids, and finally to the sort of home that
a lot of folks think they are entitled to from the
get go. And that is what you do with your primary
residence. |
