Quote:
Originally Posted by markits
I am trying to figure out who is greedy and who is fearful right now. ASCIIers or Idners?
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It really matters not. What he is saying is that if you hold back from investing until you have proof of an excellent return, the opportunity will be long gone. Yes, I think it is very applicable to IDN right now, but it is equally applicable to all forms of investment.
Incidentally, I think his decision to go 100% into the US stock market will prove a train crash, but that is a big call when you are up against the sage. But then again, he is getting on a bit and perhaps getting a bit more risk adverse than he cares to admit.