Farmers and cowmen, revisited.
From a recent email exchange with friend-of-the-blog Greg Bates:
GB: I worry your continued focus on the short term fluctuations in the stock price, announcing every morning whether Apple is red or green, could be hyping the stock, encouraging day trading—and losing readers money.
PED: Fair comment. I’ll try to answer. I feel like I’m serving two audiences at once: Investors and traders (farmers and cowmen, in the recurring metaphor). Most of what I do is in service of the investors, some of it—like red and green—is for the cowboys.
I like red and green because it gives me a way to start the day, and I don’t worry too much about what message it sends for three reasons:
- It’s not my job to tell readers how to live their lives
- Traders on Apple 3.0 tend to be pretty smart
- I have the impression the farmers get a vicarious thrill from the cowmen’s stories.
Hope that helps.