Saturday, March 04, 2006
Psychological hedges
If you think this is good news, then you want to own this stock. I'm not saying it is priced right today, as it has tripled in the past two years. However, I do believe -- in accordance with the wisdom of my grandfather -- that if you can possibly afford it you should always own a few shares of a few oil stocks. When oil gets more expensive you get capital gains, and that takes the sting out of filling up the gas tank.
Sometimes, the best hedges are psychological.
Sometimes, the best hedges are psychological.
0 Comments:
