Day 16 – Freedom flew: What did we learn from this?

HT: http://www.prof.chicanas.com/98/?page_id=1210, professor at San Jose State Univ.

Shutdown is over… for now. Enough Republicans caved to the pressure to give up. There was NO real compromise. It was to the Left, since to “compromise” is to give in to all demands. As one of the few defenders of the weak-kneed R’s, let me just say that those of us out here in the hinterlands have NO IDEA of what they were put through.

IFO knows. As a board member who was put through the wringer during a union strike back in the 1980s, know that late-night hectoring phone calls, Christmas cards written by union members with the touching admonition to “Settle!” and, of course the usual picketing, rallies and weeping union members were a normal part of union strategy.

Several hundred local union members vs. seven board members. Good times.

So, what did we learn from this past G-vt shutdown?

1. National parks do not belong to the people. They belong to the political party in power. NPS employees should be ashamed of themselves.

2. “National” property of any kind does not belong to the people, either. Mining, forestry, logging, fishing (used to be just ocean fishing, now on any body of water), ranching – all activitivies that take place on “public lands” do so at the mercy of the bureaucracy overseeing them.

IFO used to amuse her children when they drove behind any “public” vehicle – police car or any other bureaucrat’s car, by saying, “Hey. There’s one of our cars! I’m a member of the public, so it belongs to me. It’s much newer than our 20-year old VW bus. Let’s take it and drive it to the grocery store to buy our food!”

This was a not-so-subtle lesson in Libertarian rhetoric.

3. Investment lesson: never buy or sell any of your assets on media hype about disaster – whether G-vt shutdown or looming doom, like AGW,  earthquake, or even here in Oregon: tsunami – really!

All these scenarios have an apocolyptic tone, end of the world, etc. The more rational traders of stock ignore the noise and pay attention to the fundamentals. We should all do the same.

Didn’t happen, did it? There WILL be a real Doomsday, but no one will predict it correctly!

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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