Smart Investing

Bernard Baruch, a legendary investor, said "Let unswerving integrity always be your watchword." Baruch avoided stock tips: he neither gave nor accepted them. "There is no more dangerous illusion than the belief that one can get something for nothing." Baruch analyzed his steps (investments) each time. If it turned out he picked a dog, he tried to figure out what he missed. "The more we know of our own failings, the easier it becomes to understand other people and why they act as they do."

The market is clearly now in rotation...the traders buy and sell Intel yet fail to see gold, coal and oil making an important low. We see this as money seeking shelter in a rising inflationary environment.

Smart investors have yet another buying opportunity.

Danny Boy seen here is with a very smart, successful wall street financier of high integrity.