Saturday, March 3, 2007
Here's Your Sign
The stock market went a little crazy this past week. It seems to be fueled purely by emotion. People play the market like they would play a slot machine. It is a tremendous tool for bringing capital and entrepreneurship together. Investment should be made based on the merits of the idea, the skill of the management team, the value of the business, or the worthiness of the idea. It shouldn't be a get-rich-quick scheme. But, that's what it has become. It is one more symptom of the moral degradation of our society.