Saturday, August 11, 2007

Our Boy Doug


“It is the worrisome aspects of the current market,” advises Doug Casey, writing in Whiskey & Gunpowder, “when you and everyone else are feeling on edge about the risk -- that make this such a good time to invest. People do dumb things when they are scared. Like sell great companies.
“Or sit on the sidelines, keeping their powder dry for a brighter day. And when the brighter day comes, they will do even dumber things, like spend twice, or 10 times, the current ask for the same shares.
“They’ll be buying those shares from me.”

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