WE ARE GETTING OLD!
This morning my wife and I received an email that concluded with "I will fear no evil". Of course, we recognized the quote from the 23rd Psalm. However, when we each tried to recite the Psalm from memory we failed. We are getting old!
We opened an NIV study bible to get over the problem verse and we had no problem finishing from there. We each learned the King James version and were struck by the differences in the NIV version. Here is the NIV version:
The Lord is my shepherd. I shall not be in want.
He makes me lie down in green pastures,
he leads me beside quiet waters,
he restores my soul.
He guides me in paths of righteousness
for his name sake.
Even thought I walk
through the valley of the shadow of death,
I will fear no evil,
for you are with me;
your rod and your staff,
they comfort me.
You prepare a table before me
in the presence of my enemies.
You anoint my head with oil;
my cup overflows.
Surely goodness and love will follow me
all the days of my life,
and I will dwell in the house of the Lord
forever.
A little later in the morning, a real estate attorney asked for social security numbers. For the past 33 years I have always been able to recite mine and my wife's. This morning I mixed the two.
I don't know if there is anything I can do about my memory loss. As an investor, it is clear that I should focus more on health care issues. There are 76 million baby boomers. I think it is a chart in one of Harry Dent's books that shows how 55 year old people take 7 times the number of prescription medicine now as did 55 year old people 20 years or so ago.
David Dreman, a Forbes magazine contributor and the author of a series of books about contrarian investment philosophy, has shown that the time to buy an industry is about a year after it goes through a very tough time. I have not checked the dates but the Merck, Pfizer controversy is old news. Pfizer is 20% below its 2002 high. Companies such as UNH, one of my families long-term holdings, has done extremely well during the tough times for the drug makers. In the normal business cycle, drug stocks do well late in the cycle. Investors should at least be looking at drug stocks.
BUY THE BIG BULL BOOM BUBBLE BEFORE YOU ARE TOO OLD TO ENJOY PROFITS!
1 Comments:
Hi Jack Miller, Out surfing for information on cash flow note & happened upon your site. While WE ARE GETTING OLD! wasn't exactly spot on, it did strike a note with me. Thank you for the really good read.
Post a Comment
<< Home