I read the Wall Street Journal. I have since I was a young puppy when I got my first job at Dog Pound, Inc. While my peers always flipped to the Money sections, checked the stock quotes, etc., the first section I read was MarketPlace. This is where all the “life” bits happened which drove the other parts of the paper, like stock prices, financial markets, etc. Its a bit of wisdom that most dogs get later in life when they figured out that “managing stocks and portfolios” is really wagging the dog.
Anyway, almost the entire WSJ today was gloom and doom about Fannie Mae and Freddie Mac, the collapse of Steve & Barry’s, the feds seizing IndyMac, how to sell your home in a down market, consumer confidence at an all-time low. But, on the very last page, I ran into an article by George Anders titled “Buy Now, Don’t Regret it Later.” What a remarkable bit of wisdom!
It is a few hundred words and worth the time to read, but it all boils down to “take time out to pee on that bush, linger over the smelly thing, say hi to the neighbor dog…” Pay attention to the non-money things in your life as that is what will make it richer. Read the opinions, essays and Marketplace FIRST.. then, when you have time, read the gloom and doom on the financial pages.
The photo was shamelessly lifted from wsj.com and is credited to Michael Witte. If he complains about it being here, we’ll take it off…. but, I hope he doesn’t