When does prudence become paranoia? When do the boundaries of wisdom become foolishness? For example, it is prudent to take out insurance on your property and to maintain it to avoid loosing it. It is foolish not to write a will because you are afraid that someone will take advantage of you and make you loose everything. It is wise to examine business opportunities carefully, it is foolish never to take an acceptable risk because you are afraid of loosing.
In Zimbabwe, foreign currency is often seen as a wise investment option because at least you will not loose real value in our economy. The converse is that you won’t necessarily increase in value either (unless you now invest your forex-something a lot of people don’t do).
Something worth examining. What do you think?
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