Tuesday, February 10, 2009

ok, we are boned

http://www.cnbc.com/id/15840232?video=1027496846

Not so much due to the dire predictions of these two gentleman on the right in the video, but moreso because of the 'please god give me a fucking-quick-easy-to-digest answer' that the "analysts" at CNBC keep begging for. I view this as a systematic problem with our theory of investing. Asset bubbles will always exist as long as people believe that they can get rich quick, without that rare combination of talent and hard work that has led most wealthy individuals to their fortunes. That or slinging crack rock (or a wicked jump shot).

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