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Question: What type of investor are you?
Harald Schmidt: Conservative. Always spend less than you earn.
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Question: Do you pick investments on the basis of research, or more by feeling?
Harald Schmidt: My contract says I have to be "powered by emotion."
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Question: Any investor gets constant tips from the experts. What piece of advice
has really helped you so far?
Harald Schmidt: Stick your money in a CD and be glad if you get four percent.
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Question: What event in the capital markets impressed you most in 2002?
Harald Schmidt: That little dip in Allianz stock-which isn't exactly a "new economy" listing.
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Question: Who do you think is to blame for the current bear market?
Harald Schmidt: Everybody who sold.
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Question: Some economists claim saving is bad for the economy. What do you think
of that, as a native Swabian?
Harald Schmidt: I've never been interested in the economy. I'm only interested in my savings
account.
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Question: As an optimist, how would you encourage disappointed investors who
have rejected stocks?
Harald Schmidt: Running around barefoot in the woods and talking to animals made St. Francis
famous, too.
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Question: Why didn't you ever take your Bonito production company public?
Harald Schmidt: I didn't want to end up sweeping floors at VIVA.
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Question: The language of the market includes gems like "never grab a falling knife
by the blade." What are your favorite market clichés?
Harald Schmidt: "The market seems to have bottomed out" and "in the market, nobody rings
a bell to tell you when it's time to act."
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Question: Will 2003 be a good year for the market?
Harald Schmidt: President Bush can give you the best answer to that. One way or the other. |
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