Patience during a Bubble, Or, “The Fine Art of Snoring” as Nock wrote.

Sometimes the hardest thing to do is have patience. You want in…when the whole world is grabbing at something, making it seem like the greatest sure-fire thing in the world to do, it’s easy to get caught up with the herd. Maybe the herd is right and you miss out on a great opportunity, or maybe you remain solvent when it goes bust. I’d miss a date with the Queen if something didn’t feel right about it, and something doesn’t feel right with economic markets. Now is a time to sit back and quietly wait for the opportunity, focus your attention on things that interest you and ignore the world. I could definitely be wrong…but I try to stay away from baubles, and practice the art of patience.

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