Anodyne
Monday, October 06, 2008
 

Should I Join the Market's Panic?

Ask yourself the following questions:

1. Have the operating results (as opposed to the share prices) of the businesses I own changed dramatically?

2. Do I need money today? (As opposed to, say, in thirty to fifty years).

3. Is the best time to buy an asset I plan to hold for the long-term (eg., a car; a house; a transparency mounted in a lightbox; a share in a business) when it is fully priced, or when it goes on sale?

If you can answer these questions to your own satisfaction, turn off CNN and Google Finance and go for a walk. Vancouver smells crisp and wet and clean today, and not like panic at all.
- posted by cjb @ 9:44 AM


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