Quotes Entirely Relevant to Investing 12-30-2007

by Mr Juggles

“Which explains why the busts and reversals we deem inevitable are also the least preventable, and why they startle us, if briefly, when they come — because they were were inevitable for so long that they should have come already. That they haven’t, we reason, can mean only one of two things. Thanks to technology or some other magic, we’ve entered a new age when the laws of cause and effect (as propounded by Isaac Newton and Adam Smith) have yielded to the principle dream-and-make-it-happen (as manifested by Steve Jobs and Oprah Winfrey). Either that, or the thing that went up and up and up and hasn’t come down, though it should have long ago, is being held aloft by our decision to forget it’s up there and to carry on as though it weren’t.”
Walter Kirn in November 2007’s The Atlantic

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