Ben Stein has some sage investment advice, much of it gleaned from his mistakes in the market, in this witty New York Times business news column. Well, I don't do the market and what I know about business is roughly the same as what I know about chemistry, but I do know that Ben Stein's writing (whatever the subject) is worth reading. Below I print his thoughtful conclusion.
...Finally, this year as every year, I learn that there are a lot of people out there who are of more use to the planet than I am: my wife (the world’s best human), teachers, parents of autistic children, firefighters, nurses, doctors, police officers, social workers, the incredible superstars of the military and, most of all, their families.
I WILL say it until the day I die: the military family is the marrow in the backbone of America. And if it seems that I am too upset about financial fraud, I would just like to say that I often cannot sleep at night seething that men and women are giving their lives for us in faraway places while at home their country is being plundered by men in $3,000 suits who get multimillion-dollar severances when they are caught.
How many military families lost homes because of predatory lending? I know of at least two, and that’s just in my little world. My resolution for 2008 is to keep on plugging for those “little people” who are a lot bigger than the hucksters on Wall Street. And to stop being such an extravagant fool myself.