Emails of the day (1 & 2
Comment of the Day

January 12 2012

Commentary by David Fuller

Emails of the day (1 & 2

On a comment I made yesterday, which was quoted at the beginning of the first email below, shown in italics:
"My view - Personally, I am less interested in writing about what has gone wrong with the monetary and political system during my lifetime. It is not good for my blood pressure; it bores the family and it would be delusional of me to think that I can influence, let alone change these global events.

"Instead, I am much more interested in finding a financial path through what can sometimes feel like a minefield. Usually, it is better than that, in which case the risk may be overconfidence rather than a paucity of opportunities."

"This defines you so much, and I confess I have a tendency to be a T Price too often, not seeing the market as an instrument but an occasion to judge. You are right on this and I am learning everyday, I am at it only since the past 7 years... May your work ethics guide you again to pursue the successes that you have already achieved."

And:

"Your comments about Tim Price's piece, in Wednesday's Comment, really struck a chord with me. It's taken me many years to reach the same conclusion that I cannot control the political climate but I can choose and control how I relate to it and I choose to concentrate on my family's financial security. This is an area where I feel I have some degree of control and your service has certainly contributed to that end."

David Fuller's view Thank you for these thoughtful contributions. I note in particular: "seeing the market as an instrument" (Email 1) and: "I cannot control the political climate but I can choose and control how I relate to it" (Email 2). These are wise words because we can only deal with the reality that markets provide.

Incidentally, I am an admirer of Tim Price, as I am sure regular readers of this service will have gathered. He has been successful in favouring both gold bullion and funds which invest in the sovereign debt of financially sound borrowers. He also speaks with a strong, clear and often witty voice in denouncing questionable financial policies, not to mention malfeasance.

Fullermoney occasionally comments on policies, particularly regarding governance but our main remit is to assist in empowering subscribers so that they are better able to navigate the markets.

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