G-P

For me the name Girard Perresgaux has developed great emotional significance.
Apart form the fact that I really like the watches design and that I own two vintage watches it reminds me of my late mother who was always a grat inspiration to me and those around her.
It also reminds how in life and investment we are so often flying blind.
I remember a conversation with Warren Buffet on CNBC where it was put to him that in the current economic climate things are so uncertain and this was not the case two or three years ago.
He pointed out that it was just as uncertain (if it was certain most people would have avoided the crash) only the participants did not know it- a double blind so to speak. This is the point of the fooled by Randomness Book by Talieb -The past may give indications of the future but it hardly predicts it. Livermore said expect the unexpected and even the unexpectable.
That's life- a series of unforeseen events.
These watches are possibly a source of beauty within that chaos.

Girard PerregauxTme Pieces

My mom passed on recently. Very very sad. She loved my girard-perregaux watches. They have deep sentimental value accordingly. I really like the the look of my two vintage watches. The time accuracy is not always there but that seems like a tiny price to pay. We have all the accurate timepieces we nned on cell phones etc. I love the fine mechanics and craftsmanship of these vintage watches.

Investment Advice

As Paul wrote."We see through a glass darkly".
It is so in all walks of life but especially in investing and all major life decisions that we base our decisions on the best information that we have and as Soros says, the market is usually wrong and so are we.
This leads to consistently bad decisions.
however we hope that we more often than not we are lucky. Skill plays such a small role. Certainly a smaller role than arrogance.
The only possible afeguard is the passive investment cash flow and even that is dicey. But preferred's take away some of that risk