No. of Recommendations: 14
"I am also a longterm stockholder, but I'm not nearly as confident as you that things are going to be so rosy."
Well it's all about perspective. For a lot of us on here it's about wealth preservation coupled with reliable, albeit, steady returns. We can sleep well at night on our pillow of $360B :-). I just read Andrew Sorkin's "1929" and I can't recommend it highly enough! Wonderful insight into the characters of that time and certain parallels to today. My new mantra is "Would I never have to work again if there was a 50% drop in the market?" because gosh darnit, it's likely to happen! I guess this is my take on Warren's "would a company survive if it's run by a moron, because one day it will" :-)
