A.I.M. Users Bulletin Board

[Neil Scott]

Hello Tom,
I read Nassim's first book which did make me think about things in a different light.
It was written in a way that did not spoon feed you but just had stories in that were based on probabilities.
Just been reading a story on the Bloomberg website that said that apparently 2/3 of millionaires in the U.S. thought that their investment advisors had failed them because they had lost during the crisis.
One would wonder if they would have taken their advisors advice if 18 months ago their advisors had told them to sell all their shares and hedge funds and stick their money in cash.
I bet the reaction would have been "are you some kind of idiot? this is the boom we've been waiting for!'
It is funny how prudence goes out of the window during a boom, there is no conserving of funds for the lean times that must surely follow.
The lean times are what Lichello built AIM for but we still add our own tweaks so that we don't miss the stock market leap up and then bang, it collapses in a heap and we all wish we had followed the strict rules.
Our company started laying more people off today, thought I'd seen the last of it before Christmas but it seems like they are preparing for the worst.

Regards

Neil