I greatly admire Bill Gross' abilities to express himself with the written word and always enjoy reading his monthly pieces. June's piece is another must read. I found his introductory paragraph to be interesting from multiple viewpoints and copy it here for your consideration as well. Although I am not sure Mr. Gross intended us to think of this at a personal level, the thought occurred to me - how often do we find ourselves in a similar situation to the toad?
I’m going to one-up Mark Twain in the quantity department and spin two yarns about jumping frogs, one which has been frequently told, the other not so much. Neither of them have anything to do with Samuel Clemens’ heralded short story, but both, metaphorically at least, describe our current investment markets and how to think about the future. My first story is the one you’ve all heard about. Put a frog in a kettle of boiling water and he’ll jump out faster and further than any of those blue ribbon winners at the Calaveras County jumping frog contest. Put him in a pot at room temperature, however, slowly turn up the temperature to boiling, and you’ll have frog legs for dinner. This latter, more unfortunate toad temporarily adapted to his external environment, which seemed like a practical thing to do, until – well, until he reached 212° at which point he was cooked.
Here is a link to the whole article.
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