I found this to be particularly humorous excerpt from Prudent Bear's daily market wrap:
“I don’t have a choice but to invest,” the 51-year-old said. “If I don’t, I won’t be able to retire. I’m not necessarily perfectly at peace with it, but I feel like I don’t have any choice but to be in the market.”
That’s an amazing thing to say for a person worried about retirement. After all, she could have said any of the following:
“I don’t have any choice but to save more money.”
“I don’t have any choice but to stop buying six dollar lattes.”
“I don’t have any choice but to investigate the lower cost of living in Sub-Saharan Africa.”
Instead she said, “I don’t have a choice but to invest.” The meaning of the word “invest,” like the word “thong,” has changed over the years. “
The whole article could be taken as tongue in cheek, except that this is really what the guys at Prudent Bear think. All their stuff from Friday is pretty smartassy. I think it's their intern's last day for the year and maybe they were celebrating a little. Whatever. Entertaining financial writing rocks.
Posted by nicole at August 23, 2003 10:12 AM