A Few Words to the Wise.

My uncle once told me something which I think we should all
keep in mind right now:

‘The value of any object is the replacement cost.’

This week I read that some 12 airlines have folded during the
last year.

While the funniest headline I read was:
Bankers apologise for being Bankers.

If you know Cockney Rhyming slang,
then you will know that it is not a complement to call anyone a
banker.

Meanwhile the politicians worry about how to inject more
cash in to the economy,
& how to increase the willingness of banks to lend money.

Now wasn’t it the over lending of money that caused the
present economic crisis in the first place,
or did I miss something else along the way? Continue reading A Few Words to the Wise.

W Heath Robinson Illustrates the Stock Market.

One of my favourite books is entitled:
‘Success with Stocks and Stares.’

The subtitle to this work being:
‘A practical guide to profitable investment.’

Written by John B Gledhill and Frank Preston, it was
published in 1938.

The book is illustrated by W Heath Robinson.

Two of his drawings clearly illustrates just how a bull and
market work.

Although many of the technical details within this book are
very dated:
much of the advice in this work still holds true.

Here are a few examples: –

– Beware of boom flotations.

– Don’t borrow money to gamble on the stock exchange.

– Beware of market under-currents.

– Beware of bucket shop literature.

– Axioms do not always work.

&

– Remember a mine is a diminishing asset.

This is also something of a good piece of ecological advice.

If only some of the people who now run the financial industry
had read this work,
then we might not be in the kind of global fiscal mess that
faces us all right now.