You won't know the value of something until you lose it.
Now there's an interesting thought.
One of my partners opened a fortune cookie to find that fortune
tucked within. The funny part is that, at the time, he was waiting
for a jury to return a verdict in a civil matter (a product liability
case where he was defending the product manufacturer.)
Waiting for the verdict is very hard on trial lawyers since there
is nothing more he or she can do, the case has been presented, and the ultimate decision rests with the jury. When you represent the defendant, you're looking for a defense verdict, meaning that no money will be paid to the plaintiff. Before trial, there are always opportunities to settle, but if the case goes to trial, it's usually
because the parties cannot agree on the value of the case.
Hence, this fortune did not seem to augur well........
The good news was that the jury returned a defense verdict, thus
affirming that the case had no value.....
Outside the courtroom environment, it would be nice to have
a better way of determining what is valuable, and what is not.
As applied to the stock market, it isn't positive (and, in fact,
is annoying) to learn that your stock pick had little
value until after you lost your money........
mph(in a reflective mood) |
