When 'bad' is bad

Mr Bearbull

Mr Bearbull
When 'bad' is bad

Over 50 years ago the great Bob Dylan advised us that "good' and bad, I define these terms, quite clear, no doubt, somehow", which was another way of saying that, where morality and emotions are concerned, so much is doubtful. Yet the human condition draws us to the moral conclusion and to the emotional judgment; that events are either 'good' or 'bad' when we can't explain them otherwise. Sometimes that's appropriate. In investment, however, it rarely is; too often the moral conclusion functions as an excuse for inaction or a justification of complacency.

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