Investing Question of the Century

(c) 2010 F. Bruce Abel

The investing question of the century is Who knows what he's doing?
After the crash that we had recently this is an almost unknowable thing. Herein the beginnings of an answer.

The computer knows what it's doing.

Why not a person? Because a person:

(1) has to get up to go to the bathroom;
(2) gets bored;
(3) gets panicked;
(4) knows certain things but not all things.

Today for example. My only position is 10 April 60 calls on P&G. They were purchased a couple of weeks ago at $429.00.