Tales From Normal, Mn.--FICTION

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Tales from Normal, Mn. Headline News---FICTION

Saturday, January 2, 2010

"Investments bought and held over 300 years praised": FICTION: Dateline Normal, Mn.

Well it's that sacred New Year investment game again---every financial pundit with a computer mouse is making predictions, carefully in low monitone voices, about the coming year's stock market results. It just makes a guy wonder.

I picked up the cell phone and called Normal, Mn., and reached Herman, my old countryboylawyer friend---he was in the midst of an ice fishing contest, so I make it quick with the question.

I explained how confusing it was reading all the pundits at year end. Herman just laughed.

"Shucks Wolfman, ya just got to get used to it. Up here in Normal, MN., we are long term investors----We invest for 300 years---that way it works out. From the investors view, the stocks are given to the heirs, and after all, the donors cannot remember what the basis was anyway. And from the receiving end, it is a gift and they do not care a whit. Good feelings all around.

Think of it as you would an ice shack. My grandpappy gave dad this shack, and I inherited it....It will go to my boys some day. It has been a heck of an investment. I just think of the fish, not the shack, and that is the model that works for investments too."

Yup. I guess it makes sense. That must be why some of my investments did not work out----I just did not live long enough.
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