Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
Your overly optimistic approach to investing reminds me of a guy I knew whose neighbor dug a huge hole in his back yard to protect his valuable pocessions from an oncoming storm. Most people laughed at him and thought that he was a fool and over reacting. They did not believe that the storm would hit because in the past they never did. The storm was hurricane Iniki which hit the island of Kauai. No one was laughing afterwords.

The problem with you is that you do not even see a storm coming. This will cost you dearly as your tech dreams and Internet fantasies do not end up living up to expectations and your portfolio crumbles as the bubble really bursts when the Dow follows the Nasdaq in the next few months and capitulation finally arrives.

There are three types of people in this world. Those who make things happen by getting all the information they can. Those who wait for things to happen and unfortunately for you, those who say what the hell happened. If you paid more attention to history and came out this fantasy world you are living in, then you and others would see that this highly speculative market is a disaster waiting to happen.
Print the post  

Announcements

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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.