Club Mulgoa

Monday, May 14, 2012

Lessons from the past

In 1997, at the height of the Asian Financial Crisis, all the smart people were telling my father to refrain from investing in the stock market.  He continued to defy "words of wisdom" from people around him.  His argument was those stocks will be paying more dividends than the interest from capital put into the bank.

I don't think I have my father's wisdom.  But the world has not collapsed.  It is taking the Greeks too seriously.  It is a pesky fly and should be swipe out of existence, economically.

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