I am on record as not wanting either of the candidates elected. Having worked for the Government for 20 years, I am painfully aware that there are only a few things that the Government does well. Despite the best intentions of even the brightest, most ethical and competent people in civil service, one saying always stands out as accurate, "We are the Government, if it ain't broke, we'll fix it till it is". And neither politician, convinced me that they would be any different than most of the others that have preceded them.
Having said that, I won't go into a political rant for or against the current Electee. I'll leave that to the political pundits.
Indeed this has always befuddled me when it comes to the Hollywood and music types as they spout off about political issues. Why would a performer take a political position that by it's very nature is going to alienate, in most cases, at least half of their customers.
As harsh as this sounds my only concern is to help you make money, despite the Governments' best efforts to prevent it.
If you are upset about the current choice for president you have my condolences or if you are happy about it, you have my congratulations. But here's the thing; it needs to be compartmentalized in order for you to be a superior investor.
Obama may or may not save the country from real or imagined dangers and he may make things worse, who knows. But to go out and buy or sell investments because he has been elected or because George W is leaving office is a sure recipe for disaster. Keep your eyes on the big picture and see what IS happening, not what people say is going to happen.
Remember the admonition I shared with you a couple of posts ago. Don't be dogmatic, develop reasons. Politics are dripping with dogma and it's easy to translate passion into action, but passion very rarely yields logical investment action.
JT
Thursday, November 6, 2008
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