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The Week in Review: March 1, 2010
Recap: The stock market is getting real boring to watch.
Review: The last time they called out Buffett, he had some of his best years. Sorry folks, value investing is not dead.
What to do: I am sitting at Pipeline on the North Shore of Hawaii only a day after the tsunami heard round the world was suppose to end the world here. Everybody received calls from everyone; all evacuated the area; stores up and down the north shore closed; and tourists and surfers alike all headed for the "high ground". Well, all except the guys I was staying with. They decided to stay and surf - claiming the day would be epic because nobody else would be out, and the whole whirlwind news cast was a non-event. Thus, the reason they are stuntmen on the show LOST, and we are all but mere mortal lost souls (pun intended). [Hey, I gave it a shot till the Coast Guard came by and strongly recommended getting out of the water.] After that, I too, ran for the high ground. In this instance, as I was vigorously jaunting to a more cerebral place, I couldn't ignore the correlations of this day to - you guessed it - investing. You see, everybody expected the tsunami to hit. I mean everybody - the news, the international weather authorities, the Governor of Hawaii, President Obama, the fire department, the police, the Army, Navy, Air Force, and Coast Guard - all prepared diligently (as they all should of) for disaster. Yet, so many times when everybody expects or knows something is coming, it never does. Whether a tsunami or stock market crash or the second shoe to drop in the real estate meltdown (commercial real estate) what we as humans expect to happen often never does. Why is this? I have absolutely no idea, but I do know this. What is going to happen cannot be predicted. It is the unseen or unpredictable that will always happen. So, what is important is not the actual occurrence of the event, but how you (the investor) reacts to that event. In the end, as the Saturday tsunami reminded us, mother nature will strike, the stock market will again crash, villains will again appear with yet another type of investment scam, and not you, or I, or the government, or any amount of legislation will be able to prevent it. This should come as a relief, and absolute reassurance that life is good. After all, what's the point of living, if you know what's coming next?
Stay Positive!
Think Positive!
Act Positive!
Be Positive!
Read My Blog
Press:
NASCAR Fans!
Aurora Sentinel, May 22-28, 2008, LIFE, Page 8
Aurora Sentinel, June 26-July 2, 2008, PULSE, Page 3
Denver Post, Thursday, June 11, 2009, Front Page
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