This is for the benefit of us all.
After having read the last 4 or 5 posts by Paul, Mark, Tikertype, Zeev,and others, I thought I would copy and paste Al Frank,s message for friday.( He is the publisher of the investment newsletter "The Prudent Speculator") I truly relish his philosophical nuggets, and it is for those that I subscribe to his newsletter. His stock recomendations are a bonus for me.
So Here it is:
For we who are living, not in solitary confinement, not
going through a devastating bankruptcy, having not recently
lost a loved one or having no known terminal illnesses
except very old age (and then our life expectancy is usually
more than we imagine) few things are as bad as they seem.
This is especially true in investing. However, for a variety
of reasons (early toilet training, nervous parenting or
other conditionings) many otherwise rational souls are
fearful in general and tend to expect bad luck rather than
good luck. A large part of successful investing, it seems to
me, is to have a positive yet realistic outlook of the
future, avoiding Pollyannish denial, but not clinging to
concerns about potential troubles that are unlikely to
occur.
The famous philosophical or psychological question, is the
cup half full or half empty is often overwhelmed by the
subconscious crying out silently that my cup doth not run
over. And even if the cup runneth over, many will complain,
look how much I am losing! Why so many see life as a
dangerous sequence, rather than a neutral or benevolent
journey with periodic difficulties and hard times, I do not
know. Clearly, if you are reading this message, you are
probably better off than the overwhelming majority of human
beings, at least economically.
Best Wishes
Prasanna |
