Jun

4

From Gilbert and Sullivans' Pirates of Penzance:

I’m telling a terrible story,
But it doesn’t diminish my glory;
For they would have taken my daughters
Over the billowy waters,
If I hadn’t, in elegant diction,
Indulged in an innocent fiction;
Which is not in the same category
As telling a regular terrible story. [More]

I never thought that the weekly financial columnist and I would agree on anything, but given that he's been consistently bearish for forty years, I guess it had to happen sometime. My confession will hopefully totally expunge this possibility for the infinite future, and also, hopefully the end of his tenure as the worlds worst forecaster is much more imminent with the potential change in ownership of his magazine.

I'm telling a terrible story,
Of falls in my wealth gory.
For they could have taken my options,
To prices that required morticians,
If I hadn't in hedging perdition,
Indulged in shorting like Princeton.
Which is not in the same category,
As loony shorts against the bookie.


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