“With clients’ money, I have three months to be correct or I’m out of a job.”
Courtesy of Joshua M Brown
Morgan Housel writes a mock obituary for Long-Term Thinking, the personification of a concept that everyone on Wall Street pays lip service to publicly, but most can’t afford to think about in real life.
Long-Term Thinking doesn’t get murdered in the Housel obit – rather he dies of neglect, in bed somewhere while you were watching the Lightning Round or some such thing.
Run, don’t walk, to read it:
Long-Term Thinking: 1800-2013 (Motley Fool)
