Monday, December 01, 2008
Giants wide receiver Plaxico Burress will face weapons charges after shooting himself in the leg at a nightclub Friday night. Burress is one in a long list of professional athletes making news in the last few years that contained the words nightclub and gun. These situations happen so frequently that it must almost be statistically significant.
If these guys removed their gun from the equation I suspect there would be less shooting. If they did not go to the nightclub then the odds of gun trouble would diminish greatly. But for some reason they want to go to nightclubs and when they go they want to take a gun, maybe they can't help themselves?
Market participants do things in their portfolios that are the equivalent of going to a nightclub with a gun. This can include intentional lopsided bets, panicking out at the bottom, panicking in at the top, getting talked into doing something by reading an article or listening to someone on TV. Everyone goes to a nightclub now and then but if you don't go often and you don't take your gun with you you're probably going to have fewer problems in your portfolio...hopefully that wasn't too confusing.
The picture is from an hour long hike (each way) through the jungle to quiet little spot near by.