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Strategies & Market Trends : Russian Crisis - Is it a buying opportunity? -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (74)	8/31/1998 1:15:00 PM
From: Josef Svejk	Read Replies (1) \| Respond to of 175

Humble confession, Jeffrey, if I were still invested at this point in time, I have no idea what I'd do. I do think that each and every investor must ask one simple question each and every day, regardless of what the market is doing: What is my tolerance of loss at this moment in time - am I better off preserving what I have, or can I risk losing some/all? It has been pointed out many times in the past that the patient, diversified, really long term investor has ended up a winner, even if he/she held all of their stocks during the Great Depression. Seems to me that now more than ever one's long/short term perspective is what should drive investing decisions. Every one of us must decide what time period and risk tolerances we have. Zero doubt in my mind that a well diversified investor that closes his/her eyes on the market today, and opens them again a few years into the next century, will be in the black! I know, does not seem very optimistic of me, but do you know the difference between a Czech optimist, and a Czech pessimist? The pessimist says, frowning, "Things are so bad, they just can't get any worse!" The optimist smiles cheerily and says: "Yes they can!!!" Cheers, Svejk abitare.it