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Happy New Year...Let's Keep it Simple in 2010
Howard Lindzon
December 31, 2009
Life is difficult.
That’s how ‘The Road Less Travelled ‘ starts out and that is pretty much the whole story.
I accepted the ‘Life is Difficult’ mantra in 2002. It just works for me. I never made it very far in that book but I never liked books.
Today, if someone asks me how I am doing I say ‘Great. Thanks…You! It used to be if someone asked me that question I thought they really wanted to know and I would lead with my bullshit. I was a complete asshat . I am less asshattish in 2009.
The year 2010 could easily be great for you financially. Just look at the top 50 stocks of 2009 . I don’t own any of them at a quick glance, but neither did Warren Buffet, Bill Gates or John Paulson . More importantly, they are so wealthy that they have to buy railroads and Russia and gold in massive quantities just to move the needle. Yawn! That’s grown up Monopoly and Risk and I would rather play those games with my children (for short bursts :) ).
It does not really pay us regular folks to be negative. As my friend (I think) ‘The Fly says ‘Dumb Money can make Smart Profits ‘. This is pretty poetic stuff about Wall Street:
Throughout 2009, people without market savvy made fortunes, getting long names, without thinking about the downside. The bravest money is always the newest. There is a reason why Wall Street employs young people, while kicking old fuckers into empty elevator shafts. For the most part, young people are not scorned— damaged by prior bear markets or really bad trades. If you are old and lost money in 2009, do not feel bad. You were supposed to lose money, because God hates old people, which is why he kills them with great regularity.
That’s gold.
Let’s laugh and kick some ass in 2010.
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