UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: OT (slightly): Conventional Wisdom Date: 4/5/2001 9:38 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<<? I know this is probably a stupid question, but I'd like to hear some thoughts on this apparent contradiction. >>>

We run into contradictions everyday, and still manage to live by them. In the spirit of baseball's opening day, "when someone yells heads up, they really mean duck".

Past history is all we have to bank on, it's the only thing that we know. Therefore, the 11% quote. At the same time, it's not guaranteed. Another sports analogy, the golf handicap. I have a 19 handicap, meaning, on average, I shoot 19 over par or 91 most days*. I can go through stretches where I'm much better and unfortunately stretches that are much worse. If I don't practice to become a better golfer or suffer age/injury to become worse, I'll always shoot around a 91. The only way to tell is time. Is the market "better" or "different"? Only time will tell, therefore, not guaranteed. I also find it ironic that my handicap is 19, but I've never shot 19 over in any round over the past 2 years! Sound familiar?

JLC

* I know the golf handicap is calculated differently than implied but simplified for illustrative purposes.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Macro Economics

2.1: The Labor Pool Problem
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement