Great article from the business insider here.? In it, John Mauldin makes a great case for optimism in the long run, despite a lot of short-term difficulties.? Its a long read but well worth it as we approach the end of 2009 and a time for reflecting on the year past.
A few choice quotes:
We live in a world of accelerating change. Things are changing at an ever-increasing pace. The world is not linear, it is curved. And we may be at the beginning of the elbow of that curve. If you assume a linear world, you are going to make less-than-optimal choices about your future, whether it is in your job or investments or life in general.
A pessimist never gets in the game. A wild-eyed optimist will suffer the slings and arrows of boom and inevitable bust. Cautious optimism is the correct and most rewarding path. And that, I hope, is what you see when you read my weekly thoughts.
At BP3, we agree.? We're in the game.? We're trying to help.? And we have a dream we're trying to achieve.? Maybe John Mauldin is right.