Monday, October 12, 2009

TIME WARP

I have just got out of the bath having read the latest BRW - YOUNG list of 200 of Australian's wealthiest below 40's. I haven't read something this bullish and upbeat in close on 3 years.

There is an air of invincibility to the articles that has my mouth wide open. If this is not a case of hubris to far then I don't know what is. If I am correct in my assessment of where the market is likely to take us. The latest BRW edition will rank as one of the great specimens of reaching a step too far.

Can someone please tell these guys that we are amidst the greatest financial crisis in 75 years, and perhaps the biggest ever.

(Note to myself, place an order for next years edition it should make for sombre reading)

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