"Each person has to play the game given his marginal utility considerations and in a way that takes into account his own psychology. If losses are going to make you miserable -- and some losses are inevitable -- you might be wise to utilize a very conservative pattern of investment and savings all you life."
-- Charlie Munger

			2002 – This day in the history of scandalized businessmen: CEO Bernard Ebbers of soon-to-be-bankrupt WorldCom tells analysts, “To question WorldCom’s viability is utter nonsense. I highly recommend everyone step back and focus on reality rather than the fear factor.” Elsewhere today in sworn testimony to a House subcommittee, Enron mastermind Jeffrey K. Skilling confides, “On the day I left, I absolutely and unequivocally thought the company was in good shape.”