The wisdom of Alan Kohler

Worth reading his article in Eureka Report this AM. I have the same opinion as the person who he interviewed. No one wants to live in a depressed world. And lazy over-rated Europe (Germany excepted) has to take a cut in pay and accept a lower standard of living, including the Brits. It is impossible for politicians to tell the citizens that you need to work hard, productively and effectively (ie you have to make goods that others want to buy) and accept less government handouts. The honest and realistic politicians will get turfed out so that is why in Italy and Greece, you have technocrats and not politicians running the country.

Hence, I have been buying in a down market. I must the only fool in Australia! Those stocks of mine that were sold, were forced sales, ie due to takeovers.