A Non-Blog Disliked by Google
It will fluctuate (J.P. Morgan).Wow, with insightful advice like that I now know why they are managing trillions of dollars, and people like Palin are just minor afficials in rural states. The world is truly just and fair, these bankers really do deserve their jobs.
"Markets are places of trial and, very frequently, error".Financial Times, September 2008.Who knows what it will do. But for the long-term investor, trying to fund a pension, it is surely safer to purchase businesses with sound fundamentals especially when they are virtually giving the shares away for nothing.One of the causes of the current meltdown is the inability to value `sophisticated` derivatives; ie uncertainty. This is the problem with inflation; it imparts uncertainty and consequently stops people undertaking economic activity, out of fear they will miscalculate. The only thing I am certain of is that undervalued but well-run businesses with a track record of providing goods and sevices that people actually need (as opposed to merely want), will recover. These businesses are at least a reliable long term store of value, even if they will not grow explosively.
Post a Comment