Now that’s long term
January 08th, 2007 - 18 Comments
My parents celebrated their 31st anniversary yesterday.
I thought about that for a while and a few things came to mind. “They made the ultimate investment!” “What a long-term horizon!” And other dorky things. But I think my mom put it better than I ever could have when I asked her how she did it. “You just don’t give yourself any choices,” she said. “You’re in it forever and you know that going in.”
Maybe when we talk about long-term investments and asset allocation and time horizons, we should step back and get the perspective of what it really means to be Rich. And despite all the magazines and all the TV shows and pundits that give us ideas of what we “should” be doing, sometimes the very best ideas come from right around us.
Happy anniversary, Mom and Dad.
Alright, today is the beginning of an entirely new chapter of IWT. I just got back from a last-minute weekend ...Read More