Thursday, August 30, 2007
This, too, shall pass
I was planning to write thing down yesterday but I didn't because I was tired from my workout plus there was a blackout in my area. Anyways, back to the story, "This, too, shall pass" is a phrase that i picked up from Ben Graham's Intelligent Investor. He used this phrase as an advice to the investors who were burned in the Dot Com boom in year 2001. To deeply understand the meaning of this phrase, let me give a potential source of the phrase to you. BTW, I got this from wikipedia. It all started when King Solomon the wise was feeling good one day and he was planning to play a prank on one of his senior advisers. He asked this adviser to look for a ring that "when a happy people look at the ring, he will lose his happiness at an instance and when a sad person look at the ring, it will put a smile on his/her face". However knowing that this ring does not exist, King Solomon can't wait to see his advisor's disappointing return. At first, the adviser was sad because this sounds like one of the many challenges that his King likes to play on his loyal subject. When this adviser was out in the city to look for this magic ring, he saw this Golden ring that was lying on the ground. He looked in the ring and there was this phrase "This, too, shall pass" inscribed in Hebrew on the ring. The adviser was so happy that he immediately report to the King with this ring. As expected, the King's face turned sad when he saw the phrase on the ring. The King realized that this phrase actually makes him know that for all the wealth and power that the King commands today is finite and it will not last forever.
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