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The other day I found a print-out of a David Braze article titled "Managing Your Retirement" on my coffee table. It was left there by my son, who visits me at least once each week. He often supplies me with books, magazines and other sources of information about investments. When not bringing me reading material he is explaining to me the relative merits of growth stocks and value stocks, the objectives of asset allocation, why the market went up or down yesterday, and all that good stuff.

It occurred to me that he has now become my teacher. Seems like only yesterday I was teaching him how to protect the plate with two strikes depending on whether the pitcher's best pitch was a fastball or curve. Now he's teaching me how to protect my retirement portfolio depending on whether interest rates are going up or down. I don't remember when it was that he got so smart and I got so dumb. But, God bless him, I guess that seeing him mature so well is one of the fringe benefits of getting older myself.

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