Friday, August 5, 2011

Wall Street blues

It's hard to watch the stock market crash and yet to remain stoic, especially if you have something invested. It's a lot easy to ride the top of the waves and think we are heros for having made smart and timely investments and pad ourselves on the back as we bathe in glory. The bottom of the barrel is not a fun place to be; not just as far as Wall Street is concerned, but all other life circumstances.

We accept elation but can't deal with humiliation and that's just human nature, I guess. It's hard to remember the precepts of Mr. Warren Buffett: “Be fearful when others are greedy, and be greedy when others are fearful.” My maxim is somewhat similar but applies to almost any situation: “When we're a the top, the next move is down and when we hit rock bottom, the next ride is up!”

No comments: