Continuing my post of 23rd (yesterday) ..remember the fundamentals. How much money you make is a function of how well you manage your money. Remember what Warren Buffet said about “financial derivatives” – he called them “weapons of mass destruction”.
If bankers, merchant bankers and others are being bailed out – do not laugh at them, but do not shed a tear either! Even some hedge funds are being bailed out…not sure!!
Some things are very clear – leverage and lack of transparency can hurt. Hurt like mad!
Yes you would have “lost” money in the market, but as they say, “do not lose the lesson”…that if you aske me is important!
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