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Showing posts from February, 2012

Temporarily Lost Forever

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Once, we walked to a friend’s door. Now, we hesitate to call. Two months ago, I called a friend I have known for twenty years. He didn’t answer. We still haven’t spoken. I don’t know why he hasn’t called back. But I know the hesitation myself: seeing an old friend’s name on the phone, wanting to talk, and somehow not feeling ready for what should be a simple conversation. I remember a time when visiting a friend meant going to his house without knowing whether he would be there. Mobile phones weren’t part of our lives, and even a landline wasn’t something every household had. You went, knocked, and found out. There was anticipation on the way, disappointment if he was absent, excitement if he was home. If you missed him, you might try again the next day. None of this felt like too much trouble. Now, the same friend is an instant message away. Yet we can go months without speaking. ...

The stock market expert

I am currently reading Michael Lewis's Boomerang: Travels in the new third world , a hilarious account of the events that led to the economic meltdown in Iceland, Greece and Ireland, and of course, eventually, the rest of the world.  Iceland's situation was due to the fact that every fisherman wanted to be a financial investor, Greece's was due to inflated accounts and Ireland's was due to the collapse of the banking structure. Iceland was especially funny, because I could exactly relate to what happened.  I am not a fisherman, but I did turn a financial investor with fantastic results.  So, let me tell you three stories; these stories changed the way I invest. The first story was pretty devastating as an early investor.  After making tons of mistakes by investing in worthless companies, I thought it was time I took on the big guns.  I realized that if you actually want to make money, it should be done not by volume but by the quality of the stock. ...