Quote:
Originally Posted by Zeno
I doubt this; especially after a lifetime of playing poker at your high-level of expertise. On paper you are, perhaps, in the poor house. But in reality you are rolling in hard money, gold, and negotiable bonds - even if all stuffed into a mattress or buried in the backyard. Don't pull that stuff on me!
Yeah, I was being a little histrionic about the whole thing. I had made some overseas investments that have become difficult to track recently. I've been ignoring them since I haven't any course of action that I could take now. My business deals / investments seldom worry me. What I'm starting to wonder about is my completely unsubstantiated and unjustified self confidence. I always assume that I'll be able to deal with anything that's thrown my way, and wonder how much longer that's going to be true.
And speaking of money stuffed in mattresses, one thing I never thought about when I was young was liquidity. I never thought of investments in terms of how fast I could turn them into cash. The reason I mention this is that I don't believe in the concept of security. People thinking of their later years often hope for it, but it's just make-believe. It's a sales gimmick.
Security doesn't exist, but what does exist is opportunity, and if an opportunity comes along it helps to have some cash in hand to take advantage of it. I'm just trying to offer some food for thought to the younger guys who are starting to think ahead.