Not That Sane. V Lakshman. Every Wednesday.

The Freudian slip (Dec. 18, '98)

When do you know the rally on Wall Street has gotten submerged into your subconscious? When you see a newspaper editorial headline titled "Funds for Smaller Classes" (New York Times, Dec. 18, 1998) and think that the editorial is about mutual funds designed for niche categories.

Seriously, though, I have long stopped following the market. Actually, only ever since I sold Sun Microsystems just in time for it to win the Java suit against Microsoft and the announcement of the the AOL-Netscape deal to stream out. The stock is up a third since I sold it. So, is the other stock I sold at that time -- Vitesse Semiconductor, though luckily, I believed in this company enough to have sold only a quarter of my total holding. There is nothing like leaving money on the table to reduce one's interest in stocks.

Still, my amateurish psychological interest was piqued by that error in interpretation. Am still that interested in the market? Enough to forget that smaller classes in a newspaper editorial is more likely to be school classes (remember those?) as opposed to esoteric categories?


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