This from subscriber Paul, a decidedly sane and thoughtful investment professional:
Gary, “Anticipating Hindsight”
Had a great conversation with a client today discussing the monster precious metals profits in his accounts. He over allocated to the PM sector last November. Big gains. I have been trying to get him to sell down to a more suitable allocation but he wants to eeek out more profits. Today he called and told me he had an imaginary conversation with himself based in the future after a precious metals correction. He called his epiphany “Anticipating Hindsight”. I LOVE that expression. Thought I would pass it along for you to use to help the BiiWii world better understand the risk/reward climate we are in right now.
Oh yeah, he sold a big chunk of his precious metals holdings today and booked the gains.
Cheers,
Paul
