blinders
I’ve been on the Google bandwagon since they started up actually, and I really think they’re one of the very best companies out there, and emblematic of American innovation and entrepreneurship. So today they stopped co-towing to the Reds (the Chinese government) and stopped censoring their website. I say three cheers for Google.
Actually, I will be candid with you, I don’t like the Chinese. Perhaps my mind will change and I’m open to change, but everything I know about them makes me dislike them. I’m not speaking about individual Chinese people, who I’m sure are nice enough. I taught some Chinese girls in Korea and they were OK. I’m speaking about the government. I suppose I still haven’t gotten over the excesses of the Cultural Revolution and Tienanmen Square. I am also not amenable to the Chinese cultural practice of eating anything, such as dogs and snakes. Perhaps my opinion can be changed. I say this in reference to my previous post about investing in China. Perhaps my viewpoint is colored. It’s always possible. You have the benefit with me that at least I admit I don’t like the Chinese.
From the perspective of investing, I should point out, however, that my previous comments about investing in China actually apply to most third-and-second-world countries, such as India and Russia. I think you’re a fool if you put your money into them. It’s not just China. For example I dated an Indian girl, but I tell you don’t invest in India. So I don’t think I’m wearing blinders with this, but maybe.
Further, you should be aware that because of globalization, and because of electronic trading, world markets have become closely intertwined. As a result you don’t really get the diversification from investing in, say, Chile, that you might expect. Emblematic of this is the fact that in 2007 America coughed, and the rest of the world caught the flu.
Now, the only person I write this investment advice for is my mother, and I’m not even sure she pays much attention or acts upon it. However I will point out another blinder. This is something no other investment analyst will tell you. So here goes. Teggatz Enterprises is in the business of selling options. An options seller makes money when the market does not move significantly. So Teggatz Enterprises is looking for investments that don’t move. This is a potential blinder. As a wise man (anonymous) once said, “We see what we want to see, unless we consciously try to see what is really there.” I always remember this before I make an investment decision.
Anyway the default setting for investment at the moment is buy. I don’t know if this is wise or safe, but we still have the economy on life support, so at least for the near future, this should generate income. The purview of the “near future” is short these days. By the “near future” I mean until, say, May 1st. Beyond that who knows.
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