Dartblog

I consider that for a young man I am rather well-developed financially. I have lines of credit in various forms from several institutions, and I expect to weather the present economic infelicity pretty well. (It helps that, being dependentless, I can spontaneously narrow my spending to frozen food, domestic wine, and gasoline.) I know that I am not an especially expert investor, too; which is why, after making a few bad moves early on, I’ve decided to ignore my hunches entirely. I now base my investments fully on anecdotal evidence. This is a tremendous improvement. An example: I mention at the top of this graf that I have what I consider to be generous lines of credit from several of the world’s hapless banking institutions. Yet after all that has gone awry over the last year, just one has sought to curb my profligate spending by lowering my limit.

That company is American Express. Amex, whose shares are near a several-year low, has a comparatively hale balance sheet to begin with—but as a victim of its absurd prudence, I come to this conclusion: buy AXP.

Naturally, this post represents personal investment advice which you ought to act upon immediately, without thinking further. This advice was tailored by me, a professional twenty-three year old writer, for you, the readers of Dartblog. I also reserve for you your right to sue me if the stock does not shuttle skyward within twenty-four hours.

Also of note, this transcript of last evening’s Charlie Rose interview with Warren Buffet. Of course Buffet isn’t touching this new investment scheme.