Ben Stein regrets financial mistakes
Ben Stein said,
These days I spend even more time than usual beating myself up.
I'm supposed to know a lot about economics and finance. And I guess compared to some people and my dogs I do. But I still have made major money mistakes lately.
I have a lot more real estate than I should have. When prices were skyrocketing that was mighty sweet. Not so much now.
I have a lot more stock than I probably should have. A year and a half ago, that looked smart. Now we have some stock market days that turn my stomach.
How could I have made so many idiotic mistakes? How am I ever going to explain myself to my son that his inheritance disappeared? How will I ever pay for my livelihood when I'm older and grayer?
But I have some consolation! Yes, I lost money. But I didn't lose billions the way the top dogs at some banks did.
2 Comments:
Real estate values and stock prices fluxuate a lot. A few years ago prices were high. Now they are low. A few years from now, maybe 5 or 10 it will be high again.
Buy low. Sell high. Now is the time to buy.
Nearly everyone loses money in a bear market. The movie did well enough at the box office, the CDs will be coming out, and groups are able to buy special showings. Anyway, let's hope that Ben is interested in more than money. It's vital to the public interest to keep the Darwin-zealots from teaching dogmatic versions of evolutionary doctrines in the public schools.
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