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Andrew Tobias

Money and Other Subjects

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Overslept!

September 21, 2001March 25, 2012

Sorry. Will try to post something tonight or tomorrow. But looking at the market this morning, I’d suggest that the good time to sell has now past, if you were thinking of selling, and that the good time to hang on (and go to the movies and just wait it out) has arrived. Even, for those who really have a lot of cash on the sidelines, the time to start buying. But just start, because I would be surprised if we have bottomed, and very surprised if the unprecedented bull market we have experienced were not over for a while. Those who, wisely, invest $100 a week in index funds, or whatever similar lifelong discipline: just keep right on doing it.

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"Midas called himself a happy man, but felt he was not yet quite so happy as he might be. The very tip-top of enjoyment would not be reached, unless the whole world were to become his treasure room, and be filled with yellow metal which should be all his own."

Nathaniel Hawthorne (King Midas and the Golden Touch)

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