Wednesday, October 15, 2008

One of my favorite quotes

I sent this out to some of my friends today. It is reassuring even in today's financial crisis-

Most people are poor because when it comes to investing, the world is filled with Chicken Littles running around yelling, "The sky is falling. The sky is falling." And Chicken Littles are effective because everyone of us is a little chicken. It often takes great courage to not let rumors and talk of doom and gloom affect your doubts and fears.

Do you know Why consumers will always be poor. when the supermarket has a sale on say toilet paper, the consumer runs in and stocks up. When the stock market has a has sale, most often called a crash or correction, the consumer runs away from it. When the supermarket raises its prices, the consumer shops elsewhere. When the stock market raises its prices, the consumer starts buying.

1 comment:

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