Wednesday, June 24, 2015
How's Microsoft Doing?
My friend asked me how Microsoft is doing at a dinner party. This is how our real conversation went last night:
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Friend: How is Microsoft doing?
Me: I don't know.
Friend: Don't you trade stocks?
Friend: Then how do you not know how Microsoft is doing?
Me: I haven't traded Microsoft in years.
Friend: Why? It's one of the biggest companies.
Me: It's too big and not volatile enough for me to trade.
Friend: Have you been following what's happening in Greece.
Me: A little.
Friend: So what's going on?
Me: There's a debt crisis, the economy is bad. They could default.
Friend: Deep analysis bro.
Me: All I care about is how the markets react to Greece. I don't care too much about the details. I'm not an economist.
Friend: Okay, if you say so. You may want to start looking for a day job again.
Me: And you might want to give your portfolio to someone who knows what he's doing.
Friend: Yeah, I'm just now starting to recover from my big losses.
Me: Your porfolio manager knows a lot about economics, huh.
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