Monday, April 12, 2010

Never put all your talents into one plane

Alack and alas for Poland. Obviously no one at the highest level thought it dangerous for their president, central bank boss, head of military and what not to all travel in one plane.

Now the unexpected but not impossible happened.

The plane, carrying about a century worth of Polish dignatories, crashed and all on board are so dead that most couldn't be identified.

If anything, this sad episode should reinforce the belief not to put all your eggs in one basket, if you don't want to end up accidentally with having to make omelette.

Ditto when it comes to investments.

Never have 100% in property; 100% in cash (even in eras of super low inflation, buying power depreciating at the rate of 1 or 2% could erode that nest egg under the bed); 100% in equities (even if they are industry and geographically diversified).

Given this, I wonder why all of us stake our lives on one country? And our happiness in one person? :-D

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