Calendars are a staple of holiday gift-givers. Several folks on my gift list can count on getting one.
This year I have a new favorite — “Thoughts Are Things for Investors,” a daily desk calendar by David Moon, president of Moon Capital Management, a Knoxville-based investment management firm.
It’s filled with bite-sized bits of advice presented with a sense of humor. A couple of my favorites:
July 14 — “Stocks aren’t ‘good’ or ‘bad.’ They have no soul.”
And Aug. 30 — “In a bull market everyone feels like he’s Warren Buffett. You’re not.”
Columnists often lift quotes from political speeches to illustrate the point they’re trying to make. I’ve done it myself many times — it’s an excellent way to add emphasis to what you’re writing.
However, keeping the quote in context isn’t always easy. A case in point, David Moon’s column in Sunday’s News Sentinel. In the April 24 column, Moon used a quote from President Barack Obama to draw a contrast between Ronald Reagan’s tax reform policies and the current president’s financial reform policies.
The Obama quote — from a speech just about a year ago — has been widely repeated by the president’s political opponents who want to paint him as a socialist. Unfortunately, the quote is often taken out of context.