Quotes Entirely Relevant to Investing 12-23-2007

by Mr Juggles

“I’ll begin with a brief note about the stock market here. Suppose you’re considering riding a unicycle on a high-wire that by most evidence is not secure, but it’s possible that the wire might hold up for a while. If you keep riding, people will throw small bills at you until the moment the wire breaks. Once the wire breaks, you will be injured and will probably lose whatever you gained initially. Would you keep riding?”
John Hussman, Portfolio Manager of Hussman Funds in his Weekly Comment

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  1. Anal_yst
    December 24th, 2007 | 2:46 pm

    I hate to tear into his not-quite-Chapmanesque (or even Loeb-esque) hyperbolic prose, but perchance might one stop sometime after receiving some small bills but prior to the wire breaking? No?

  2. anon
    December 24th, 2007 | 2:55 pm

    lol wut

  3. fred
    December 26th, 2007 | 3:58 pm

    this sounds like the debate on whether the investor is “fully informed” as in efficient market theory, or “totally psycho” as in efficient market theory.

  4. Chief Hobblefuck
    December 27th, 2007 | 9:12 am

    Does it matter if it is a bear in a little Russian vest and fez riding the unicycle?

  5. Thunderpants Gordley
    December 27th, 2007 | 2:14 pm

    That would be a bear acting the bull. My head hurts.

    December 28th, 2007 | 9:56 am

    The more bears there are, the longer I get.
    I have cashed out enough to retire, and letting the rest ride. (Until people become bullish,. that is)

  7. Charlie McDanger
    December 28th, 2007 | 2:11 pm

    As long as we’re bragging, I too have cashed out enough to retire. I got two new ones for my Cannondale, $78. Go GOOG, AAPL, on Donner, on Blitzen.