Less profit is not loss
The times they are a changin’, and indeed they have. For better or for worse, I am not sure, but what has changed is the way we look at making money from money.
Call it what you may — credit crisis, crisis of confidence, financial tsunami, meltdown — erosion of wealth is never good news. And rattled markets often lead to political turmoil and even shift in power.
So what is happening in the markets, economy, and banks; well, with anything to do with the art and science of making money?
Global markets have turned schizophrenic, banks are not lending and investor over-confidence has turned to no-confidence.
from Money on the markets:
Less profit is not loss
The times they are a changin', and indeed they have. For better or for worse, I am not sure, but what has changed is the way we look at making money from money.
Call it what you may -- credit crisis, crisis of confidence, financial tsunami, meltdown -- erosion of wealth is never good news. And rattled markets often lead to political turmoil and even shift in power.
To some extent I agree with Roy’s logic that less profit is not loss as it is also well said that every single Penny saved makes a Pound and if you manage to save the Pound, that’s a big deal. So reisk averse people should try avoiding the security markets as it involves a great degree of a risk as unpredicted fundamentals may impare the value of their investments. So one should wisely invest as a Rupee saved is a Rupee earned and equity could be a diversified option for those who have hefty bank balances at their disposals and are prepared to bare losses.