FORECASTING IS NO MAGIC
Timing and Estimating Expected Stock Market Moves Is Elusive
A Company Is Not a Piece of Paper
The other day, I was paying a visit to one of my oldest clients. This intelligent lady, who built a successful business with her late husband, has absolutely no interest in the stock market. She and her husband took good care of passing some wealth to their children and, since she lives rather modestly, she is not worried about "having enough". She seldom even glances at her portfolio statements and would rather chat about other things.
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The other day, I was paying a visit to one of my oldest clients. This intelligent lady, who built a successful business with her late husband, has absolutely no interest in the stock market. She and her husband took good care of passing some wealth to their children and, since she lives rather modestly, she is not worried about "having enough". She seldom even glances at her portfolio statements and would rather chat about other things.
Click here to view the whole article.
François Sicart
17 May 2009
New York, NY 10019