Tuesday, October 14, 2008

Keeping Perspective During Panic

The entire financial world seems to be in panic, lurching from one side of the economic ship to the other, rocking the whole thing. It's all madness, becasue it equates stock prices, or the vlaue that people place on companies, with the performance of the companies themselves. But look at IBM, a strong quarter and emphasis that management expects to hit its previous guidance for the rest of the year. Johnson & Johnson beat expectations. To get lost in the running crowd is to miss where you are, and that means missing the opportunities around you.

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