From: Nick Arnett <[EMAIL PROTECTED]>
> I'm not sure that all that many people have learned not to be greedy and
> short-term focused.
No doubt. But some have learned that house prices don't always go up.
> My posting was ironically predictive, as my job fell victim to the market's
> obsession with positive cash flow.
The way I see it, a short-term focus on cash returns is a good thing for all
but the most proven and talented forward thinkers. It keeps the market
moving towards greater efficiency. Exciting ideas for expensive long-term
projects
are a dime a dozen -- choosing which ones to pursue takes rare talent. It
seems harsh to creative people, but I think it is a good control. After all,
creative
people who are good at predicting the future should have no problem amassing
a small fortune, which will then allow them to pursue their pet projects as they
see fit.
> And we bought a house at what now seems to be pretty much the exact wrong
> time.
Ouch, but on the bright side, I bet you won't overpay for housing again!
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