I am retired and take educated guesses on all things financial.

October 09, 2008

October 9, 2008: Blood Starting To Run In The Streets

A memorable statement regarding investing is to "buy stocks when there is blood running in the streets".Well.......

Risk itself has as many nuances as there are individuals on the planet. Every one's perception of risk is different to a greater or lesser degree. As the markets continue to deteriorate, I see a glimmer of possibility that the final towel is in the process of being thrown into the abyss.Investors should now look at stock prices and fundamentals of companies that, in the words of Warren Buffet,
"one wouldn't mind holding if there was no stock market for ten years."

To brace yourself, here are a few quotes pertaining to RISK:

There are those who are so scrupulously afraid of doing wrong that they seldom venture to do anything - Vauvenargues

The more chance you have of stubbing your toe,the more chance you have of stepping into success -Samuel Johnson

Nothing will ever be attempted, if all possible objections must first be overcome - Samuel Johnson

The fear of being laughed at makes cowards of us all - Mignon McLaughlin

You'll always miss 100% of the shots you don't take - Wayne Gretzky

What is more mortifying than to feel you've missed the Plum for want of courage to shake the Tree? - Logan Smith

A ship in a harbor is safe - but that is not what ships are for - John Shedd

To win you must have to risk loss - Jean-Claude Killy

The torment of precautions often exceeds the dangers to be avoided - Napoleon

Progress always involve risks. You can't steal second base and keep you foot on first -Frederick Wilcox

While it is foolish to try and catch a falling knife in the present market, worldwide, it is an intelligent choice to begin making your list of world class stocks that will survive and thrive in your future portfolio(s).