Monday, March 26, 2007

A great quote

"Denial is not a good investment philosophy." - Michael Farr, chief investment officer at money manager Farr Miller & Washington, on the danger of viewing the Dow's 157-point gain on Mar. 6 optimistically, as reported in USA Today. (I took this from Business Week).

I realize that not many of you care much about the Dow, but the quote does apply to many things and is worth thinking about.

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