Josh Brown, publisher of The Reformed Broker, decided to have a little fun for year-end and asked a number of bloggers, authors, journalists, and investors how they would complete the sentence, "In 2009 I Learned That..." Here is an excerpt from the write-up he just posted:
If it's true that we learn new things with every passing year then the year 2009 was like a crash course in fringe economics, lunatic civics and paranormal market activity all rolled up in one.
I got a little help from my friends on this one, I hope you enjoy the wit and wisdom below.
Downtown Josh Brown (The Reformed Broker): the ink was all red, most Americans were blue, but stocks went bananas, bonds and commodities too!
Trader Mark (Fund My Mutual Fund): Ben Bernanke can remain irrational far longer than I can remain solvent.
TPC (The Pragmatic Capitalist): Wall Streeters are like gold fish - they have very short memories, are practically useless and require a great deal of help from outside resources to survive.
Barry Ritholtz (The Big Picture): that human nature never changes.
Lawrence McDonald (Author, A Colossal Failure of Common Sense): $10 trillion will always buy you 4000 DOW points.
Ben Shoval (Hedge Fund Comedian): doing God's work pays better than I thought...also, too much credit is the problem... and the solution.
And, from yours truly:
Michael Panzner (Financial Armageddon): only three words matter when it comes to investing in today's markets: ignorance is bliss.
Click here to read rest (there's 36 more).
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