Monday, December 15, 2008

Cartoon of the day

Scott Adams says:
Think of financial theory as a stool. The stool is supported by three legs, or truisms.
  • History always repeats.
  • Past performance is no indication of future returns.
  • Asshats are trying to steal your money.
People who say it is a good time to invest are called bulls. The bulls are at the center of all financial problems.

In summary, if you want to understand financial markets find a bull and look at his stool.

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