I got all excited the other day when one of my stocks went up nearly 50% in a few hours. I must be a genius.
But then I looked closer. In round numbers, it went from $4 to $6. But I bought it at $10, so there is little to get excited about.
Don’t let the numbers fool you. If something goes down 50%, it has to go up 100% just to get back to even. The percentages on the way up have to be a heckuva lot bigger than they were going down.
I have one stock that’s selling at about 10% of the price I paid. It could go up 100% three days in a row and still not get back to where I bought it.
When I’m on a roller coaster, I keep my eye on the horizon and pray to get back to where I started.
Saturday, February 28, 2009
Obama: Let 'Em Play
After attending several high school basketball games recently, I realized how much more I like ball games when the refs call only enough penalties to keep general order. Let the players play. Good refs know they aren’t there to even the score or impact the outcome.
That’s the way I see government. They’re elected to keep us safe and arrange a little infrastructure. Other than that, stay in the background.
Just like the people who constantly yell at refs at a ballgame, some people can’t overlook the little inequities or messiness of limited government. They are the meddlers who think they know best and demand more regulation. Often with good intentions, they start to engineer behaviors, and once you start, it never ends.
Obama is now the leader of the meddlers. His people won’t be happy until they build such a big central government that the whole thing collapses under its own weight.
There are only three officials for 10 ball players on a basketball court. Two would be enough if they’re good. If the Democrats had their way, we would have 10 refs on the court. How long would it take before nobody would want to play or watch?
That’s the way I see government. They’re elected to keep us safe and arrange a little infrastructure. Other than that, stay in the background.
Just like the people who constantly yell at refs at a ballgame, some people can’t overlook the little inequities or messiness of limited government. They are the meddlers who think they know best and demand more regulation. Often with good intentions, they start to engineer behaviors, and once you start, it never ends.
Obama is now the leader of the meddlers. His people won’t be happy until they build such a big central government that the whole thing collapses under its own weight.
There are only three officials for 10 ball players on a basketball court. Two would be enough if they’re good. If the Democrats had their way, we would have 10 refs on the court. How long would it take before nobody would want to play or watch?
Adios, Letters to the Telegraph
This blogging is going to be so much better than sending letters to the Telegraph. I get to share some thoughts without putting up with editors who claim they never got the email, change the point of the message or just blow you off.
Over the years I’ve submitted scores of letters to the Macon paper, everything from praise for community events to jabs at those who I think are screwing up the future for our children.
Well, I’m done now. No more letters. I may not even renew my annual subscription when it expires.
It’s sad to watch our only local paper die a slow death, but in many ways they brought it on themselves... one-sided reporting, a lack of curiosity about things that really matter and just plain sloppiness. I’ll miss the local stories, high school sports coverage, Gris and the obits. But I can track them online, right after I check Fox News for headlines, Real Clear Politics for perspective and Yahoo Finance.
Maybe someday a Telegraph opinion shaper will ask to comment on my blog. I might put them in on the third request and after a little editing.
Over the years I’ve submitted scores of letters to the Macon paper, everything from praise for community events to jabs at those who I think are screwing up the future for our children.
Well, I’m done now. No more letters. I may not even renew my annual subscription when it expires.
It’s sad to watch our only local paper die a slow death, but in many ways they brought it on themselves... one-sided reporting, a lack of curiosity about things that really matter and just plain sloppiness. I’ll miss the local stories, high school sports coverage, Gris and the obits. But I can track them online, right after I check Fox News for headlines, Real Clear Politics for perspective and Yahoo Finance.
Maybe someday a Telegraph opinion shaper will ask to comment on my blog. I might put them in on the third request and after a little editing.
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