Last week, a long-time subscriber from Minnesota wrote, “It seems obvious to me that the only way out of this ‘ECONOMIC CRISIS’ is to inflate the dollar. Please comment on the likely effect of Bernanke’s plan to issue more Treasury Bonds to ‘fight unemployment’ and to stir the pot for inflation. This should artificially cause my portfolio ‘value’ to explode exponentially and result in a huge tax bill when I sell.” I replied with this: “Thanks for writing. You may be right. In any case, the key to successful investing remains unchanged. Watch the market carefully, interpret unbiasedly, and...
