Hi Hedger,
Maybe everyone should watch "paint dry", let me give you an example; Berkshire Hathaway, which is listed on the NYSE as BRK.A (they also have B shares which are one 30th of the A shares) 10 years ago was selling for around $4,600 (US) a share, today it is selling for around $67,000 (US) a share. It is for this reason that I have been able to weather the "silly Jr storm" and shrug it off and sleep at nights.
Not bad really, this way you can play golf, spend time with the kids, get drunk and you know that your money is working for you. The famous US Banker, JP Morgan once said, "compound interest is the eighth wonder of the world".
regards, Terence Mitchell |