Reflections on Iraq and Other Things
U.S. Military deaths in Iraq reached 2,000 yesterday.
In an unrelated note, back in 1999 I started a college fund for my oldest daughter. Mostly, I invested some money in S&P 500 Index funds, but I picked some individual stocks for a small portion of the fund. One of those stocks was JDS Uniphase, a Nasdaq company specializing in Internet infrastructure components.
When the bubble burst, the stock tanked. My investment guy says that I should sell it, because in the face of mounting losses, I am just throwing good money after bad. I told him that if I sell my stock now and admit defeat, all the college money that I invested in JDS before will have been invested in vain.