Sunday, 29 May 2011

On becoming a rational investor (Part 2 of 9)


When the media mention that a loss of purchasing power might take place within months, danger is already looming in the horizon. If you do nothing, inflation will catch you unprepared.

If you take appropriate measures, that will not be the end of the story either. As soon as inflation is under control, the next problem will come to haunt us, possibly another stock market crash.

Even if you occupy a position of influence, your possibilities of changing society remain minuscule for the simple reason that millions of people out there don't care about what you think and never will.

Major changes in History ultimately result from ideas held in high regard, rightly or wrongly, by significant segments of the population. Those beliefs evolve through generations and change very slowly, even in the era of the internet and the global economy.

To be continued in the next post.

[Text: http://johnvespasian.blogspot.com]

[Image by Bert K under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]