confusing a bull market with investing genius

[Spartacus]

That's the best analogy I can come up with for things like

"trade deficits don't matter" (attributing permanence to a merely long-running extraordinary circumstance)

"federal government deficits don't matter" (confusing a long running extraordinary circumstance with permanence)

At the same time there's this nagging little itch saying "maybe they don't matter" ...

What other examples can you all add?

[jk]

Re: confusing a bull market with investing genius

as one drops by the 90th story of the empire state building: "falling doesn't matter." and it doesn't, indeed, matter. it's the sudden stop that matters. that also applies to the ongoing processes you mention- trade deficit, government deficits. it will be the sudden stop that matters.

[spunky]

Re: confusing a bull market with investing genius

That's the best analogy I can come up with for things like

"trade deficits don't matter" (attributing permanence to a merely long-running extraordinary circumstance)

"federal government deficits don't matter" (confusing a long running extraordinary circumstance with permanence)

At the same time there's this nagging little itch saying "maybe they don't matter" ...

What other examples can you all add?

None except

" Stupid is as stupid does " :p

I still cant decide if our federal government is moronic or just crooked :confused:

[Finster]

Re: confusing a bull market with investing genius

I still cant decide if our federal government is moronic or just crooked :confused:

Finster's Rule Of Bureaucracy: A committee is as smart as its least intelligent member.

[Jim Nickerson]

Re: confusing a bull market with investing genius

Good judgement comes with experience, and experience comes from bad judgement.

The art of medicine consists of amusing the patient while nature cures the patient. I think Voltaiire

They come to us not knowing that each carries inside himself his own doctor, we are at our best when we allow that doctor to do his work. Albert Schweitzer

Dean addressing graduating medical school class. At least 50% of what we have taught you is the best medical knowledge that exists, the only problem is we do not know which half is the best.

[jk]

Re: confusing a bull market with investing genius

Finster's Rule Of Bureaucracy: A committee is as smart as its least intelligent member.

you are too generous. the iq of a committee is equal to the highest iq of any member divided by the number of committee members.