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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (1920)	11/6/2003 11:10:29 PM
From: Mark Adams	Read Replies (2) \| Respond to of 110194

If I don't invest and only put cash in the bank on a CD, or buy US treasuries. Inflation and weak dollar eat my savings away. Does that make me a poor money manger? Well, that is about what I struggle with, only I don't own my own home free and clear. I know I haven't been a great money manager, but I keep on trying to learn. In part, the answer depends on your time horizon. You may look really silly today (as I felt when I saw the SOX and just about every semi stock up 6-8% one day, while I sat on a pile of cash) but really smart tomorrow. You might take some comfort in the fact that Warren B of Berkshire fame is sitting on 24Billion in cash, and that many wise money managers will tell you one of the harder things to do is sit on your hands. Is it my own fault? This is even harder to address. I think this is where you can come from different perspectives. I tried to describe something called 'Grace' to a friend recently. I said Grace appears to be that state of gratitude for all that we've been granted, all that has gone right, all that we've learned from what appears to have gone wrong. At it's best, it's a joyful serenity, and a nice place to be. Trying to imagine a Great Spirit always in that state is a bit of a stretch... There is a darker view that the playing field is not level. But naught is gained by beating oneself up for not being the best. I'd rather be grateful that we had this chance to chat than mope about what appears to be past mistakes.