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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

The Long Weekend

Monday was Victoria Day here in Canada. In Calgary it marks the traditional time to plant a garden. Brave souls who plant earlier run the risk of frost damage and a second trip to the garden centre to replace everything. I found myself becoming at one with the yard this weekend. Pruning, planting, removing dead wood can all be equated to investing. What does your garden look like?

Gardening brings to mind the great Peter Sellers movie, Being There. Chance the Gardener's take on economics (actually gardening) makes as much sense as anything the mainstream financial media provides.

President "Bobby": Mr. Gardner, do you agree with Ben, or do you think that we can stimulate growth through temporary incentives? [Long pause]

Chance the Gardener: As long as the roots are not severed, all is well. And all will be well in the garden.

President "Bobby": In the garden.

Chance the Gardener: Yes. In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again.

President "Bobby": Spring and summer.

Chance the Gardener: Yes.

President "Bobby": Then fall and winter.

Chance the Gardener: Yes.

Benjamin Rand: I think what our insightful young friend is saying is that we welcome the inevitable seasons of nature, but we're upset by the seasons of our economy.

Chance the Gardener: Yes! There will be growth in the spring!

Benjamin Rand: Hmm!

Chance the Gardener: Hmm!

President "Bobby": Hm. Well, Mr. Gardner, I must admit that is one of the most refreshing and optimistic statements I've heard in a very, very long time. [Benjamin Rand applauds]

President "Bobby": I admire your good, solid sense. That's precisely what we lack on Capitol Hill.

Chance certainly wouldn't be out of place in Washington today.

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