Wednesday, October 29, 2008

Bing Appeals For Calm

TW: I have read Stanley Bing's column in Fortune for years. His stuff recently seems to have become less interesting but his latest column appeals for some cheery thinking amidst the pervasive market gloom so why not?

From Bing/Fortune:
"And the land was overrun by prophets of doom, and with them came four horses, and on those horses were four riders, and the names of those riders were Fear and Anger and Gloom and Panic.
And these gloomy, mostly pudgy and balding prophets shouted from the rooftops, predicting the end of happiness, the end of the dollar, the onset of starvation, the collapse of markets globally, and the hegemony of China. And those who prophesied the worst got the most airtime...

And before them was a choice: to live with those who waited for the end in terror, or to strike out for the future alongside those who were brave enough, or simply too uninformed, to have relinquished all hope.

And they chose life. And it was a lot better than the alternative.

And these hardy souls went out among the miserable shopkeepers with whatever coins they could spare and spread them around the marketplace. They sowed. They reaped. They responded to advertising. And when they beheld the prophets of doom dispensing negative messages based on dank scenarios of their own creation and heavy doses of useless hindsight, they raised their voices against them, saying, "Enough already! If you knew so much, why did you not predict this disaster or do anything to stop it?...

And it was the evening and the morning of the first day of the rest of our lives. May it come soon!
http://money.cnn.com/2008/10/24/magazines/fortune/stanleybing/bing_apocalypse.fortune/index.htm

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