Are highest prices behind us?

[cottonpicken]

Forward selling in a bull market is basically being
short/wrong.

NIA DYODD

[ASRG]

I hear you on the "risk thing" Charlie! Wasn't much fun renewing those 22% mortgages! Or for that matter trying to pay off those $1400 cows when they became $250 cows over night in 2003!
Makes us old guys kind of gun shy!

[ianben]

I agree with Charlie, our personel history does alter
our view on risk but does not necessarily make the
decisions we make right or better.

My grandfather farmed through the thirties would
only buy what he could pay for, and taught me a lot
about real values, a very wise man.

My father and I have been a little more adventurous
but up till 2008 way too cautious. Inflation has made
any land we didnt buy cheap £200/acre in the 50s
£400 in the 60s £1000 in the 70s £6000 today.

So which history are we talking here ?

Post 1950 or Post 1929?

My worry is more recent.

The Egyptian Lybian and Tunisian uprisings show
what an unhappy and disolusioned population can do
with a mobile phone and the internet.
We had the London riots last year, law and order
nearly lost control.

I dont see todays young adults excepting the future if
it gets really tough without a fight against the
establishment.

I do think as always hindsight will be the only way to
manage this risk but till then we will all use our own
preferred history.

[rockpile]

There is a saying among commodity buyers (the retail
guys) and it goes like this: "The best cure for high
prices is high prices".

[oneoff]

And bulls can get fat and bears can get fat.

[burnt]

And another - They feed the bulls and the bears but they always slaughter the hogs.

[sumdumguy]

ASRG, you know and I know how those interest
rates felt. I would come to bank to see what they
were charging on the line and computers were
down. Then they always made errors in their
favour, but guess what, I didn't take new math
and caught them. i received a rather large rebate
cheque.

Anyway, I learned a lot of lessons. Never
helped. LOL

[sumdumguy]

Lentils and Canola covered up a lot of mistakes
for prairie farmers.