free4now
Thinks s/he gets paid by the post
- Joined
- Dec 28, 2005
- Messages
- 1,228
The lesson I relearned is that markets are not efficient. Yes in the long term the market is a weighing machine, but in the short term it's a voting machine.
And in a strange way, the crisis has vindicated my belief that investing in developing foreign markets is not a good idea because of the lack of transparency. The USA may not have perfect transparency, but it's a heck of a lot better than say China. If the same crisis happened over there we'd probably not even hear about it until the whole economy had failed.
And in a strange way, the crisis has vindicated my belief that investing in developing foreign markets is not a good idea because of the lack of transparency. The USA may not have perfect transparency, but it's a heck of a lot better than say China. If the same crisis happened over there we'd probably not even hear about it until the whole economy had failed.