“Enjoy it while it lasts kid…because it never does.”
-Veteran Stock Broker (Hal Holbrook) to Rookie Stock Broker (Charlie Sheen) in 1987 movie “Wall Street”
The Donkey, The Rooster and The Lion
A donkey and a rooster are eating breakfast in a barnyard. Out of nowhere appears a hungry lion. He approaches and prepares to attack the donkey. The rooster, knowing the lion has an acute yet single aversion to its voice, lets out a magnificent crow. The frightened lion turns and runs off into the brush as fast as he can. The donkey, seeing the lion’s trepidation at the mere crowing of a rooster, summons the courage to attack the lion and charges after him into the brush. A way down the trial, the donkey catches the lion at which point the lion turns and rips him to pieces.
Moral: Overconfidence can be deadly.
Buffet once said a rising tide floats all boats and that includes (perhaps especially) stock option sellers.
