Monday, June 29, 2009
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
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
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