Saturday, December 15, 2007

The Fool Speaks

In a December 15th article on the "Motley Fool" website, the brothers take on the issue of whether or not we should pull out of the equities markets in a post entitled, "Is It Time to Sell". Their answer is no, which is very predictable for these guys, as they have consistently touted a "steady as she goes" philosophy of investing. Steady as she goes works well in a working economy. In crisis, it is the surest path to disaster. To use an overused metaphor, "I'm headed towards New York in a brand new steamship pulling 24 knots. There was talk about icebergs earlier- should I slow this ship down?" Motley Fool: "Full speed ahead".