Ask John: as a fisherman, you have to adapt to the surroundings and be flexible enough to go where the fish are. That is, if the fish at your local pond have been fed so much that they will not go hungry for some time, then you should either save you bait for better times, or move to a different pond.

Latino LeadersVol. 6 Nbr. 4, August 2005

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John Peet, choosing investment avenues

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Ask John: as a fisherman, you have to adapt to the surroundings and be flexible enough to go where the fish are. That is, if the fish at your local pond have been fed so much that they will not go hungry for some time, then you should either save you bait for better times, or move to a different pond.

As investors, then, why would we want to limit the investment universe by investing in one pond for the rest of our lives? In other words, why would anyone keep his/he...

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