Someone's sitting in the shade today because someone planted a tree a long time ago.
"In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm ; - thinking that its paddling skills have caused it to rise in the world.
A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond."
* Warren Buffet . Letter to Berkshire Hathaway shareholders, 1997.
; )
MAE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
