Nortel's plunge and the idiocy of too much speculation

Nipawin - October 29, 2000 - by: Mario deSantis

live with paradoxes
Understanding our life contingencies is quite difficult, we can see the same events under

different perspectives, and as time goes by we can see the same events under an altogether

different light. Therefore, we must learn to live with paradoxes such as the plunge of Nortel

stock because of earnings less than expected and the rise of the price of oil because of the

rationing of the oil producing countries.

economic bubbles
Life is getting very difficult for people who must keep track of their stock portfolio, and few

days ago referring to the economic bubbles caused by the excess use of money for gambling

I asked the question "where does the money go⁽¹⁾." I have the answer today, and this answer

comes from the same journalist Margaret Wente I mentioned in the writing I just finished few

minutes ago⁽²⁾.

Scripture
Ms. Wente is very partial to the granting of early parole for inmates who have found their

salvation in the Scripture and who have completed self-improvement courses, including the

course called "psychology for success⁽³⁾."

Nortel stock,
In her column "Where did all my money go?⁽⁴⁾" Ms. Wente describes her tribulations and

her husband's as they cope with the catastrophic plunge of the Nortel stock, and genuinely

she asks herself "where did all my money go?" As to say, well, how can Ms. Wente's wealth

be changed from one day to the next when she did not do anything.

too much speculation
Nortel was worth 37% of the gross domestic product two days ago, and yesterday it was

worth 22%. The answer is too much speculation in the financial markets, and too much

speculation means that the poor Wentes have to cope with mental and financial hardships.

Ms. Wente explains that she and her husband don't buy and sell stocks themselves and

that

idiots

keeping track of our money every day soon made us manic-depressive. For example, when Nortel went up, my husband started saying, "Those idiots. Why didn't they buy us more Nortel?" And when it went down, he would say, "Honey, we lost $7,000 today. How come those idiots bought so much Nortel?"

Now I wonder, who are the idiots?

-----------------Endnotes

1.
Understanding Money and People's Lives, by Mario deSantis, October 24, 2000

2.
Colin Thatcher and his psychology for success, by Mario deSantis, October 26, 2000

3.
How Colin Thatcher found God, by Margaret Wente, October 24, 2000, The Globe and Mail

4.
Where did all my money go? Margaret Wente, October 26, 2000 The Globe and Mail


Nipawin - October 29, 2000 - by: Mario deSantis

live with paradoxes	Understanding our life contingencies is quite difficult, we can see the same events under
	different perspectives, and as time goes by we can see the same events under an altogether
	different light. Therefore, we must learn to live with paradoxes such as the plunge of Nortel
	stock because of earnings less than expected and the rise of the price of oil because of the
	rationing of the oil producing countries.

economic bubbles	Life is getting very difficult for people who must keep track of their stock portfolio, and few
	days ago referring to the economic bubbles caused by the excess use of money for gambling
	I asked the question "where does the money go⁽¹⁾." I have the answer today, and this answer
	comes from the same journalist Margaret Wente I mentioned in the writing I just finished few
	minutes ago⁽²⁾.

Scripture	Ms. Wente is very partial to the granting of early parole for inmates who have found their
	salvation in the Scripture and who have completed self-improvement courses, including the
	course called "psychology for success⁽³⁾."

Nortel stock,	In her column "Where did all my money go?⁽⁴⁾" Ms. Wente describes her tribulations and
	her husband's as they cope with the catastrophic plunge of the Nortel stock, and genuinely
	she asks herself "where did all my money go?" As to say, well, how can Ms. Wente's wealth
	be changed from one day to the next when she did not do anything.

too much speculation	Nortel was worth 37% of the gross domestic product two days ago, and yesterday it was
	worth 22%. The answer is too much speculation in the financial markets, and too much
	speculation means that the poor Wentes have to cope with mental and financial hardships.
	Ms. Wente explains that she and her husband don't buy and sell stocks themselves and
	that
idiots	keeping track of our money every day soon made us manic-depressive. For example, when Nortel went up, my husband started saying, "Those idiots. Why didn't they buy us more Nortel?" And when it went down, he would say, "Honey, we lost $7,000 today. How come those idiots bought so much Nortel?"

	Now I wonder, who are the idiots?

-----------------Endnotes

1.	Understanding Money and People's Lives, by Mario deSantis, October 24, 2000

2.	Colin Thatcher and his psychology for success, by Mario deSantis, October 26, 2000

3.	How Colin Thatcher found God, by Margaret Wente, October 24, 2000, The Globe and Mail

4.	Where did all my money go? Margaret Wente, October 26, 2000 The Globe and Mail