| EpiBlogue
Main Entry: epiblogue Function: noun Date: 21st century Etymology: Net English epi- + blog, from Middle English epiloge, from Middle French epilogue, from Latin epilogus, from Greek epilogos, from epilegein to say in addition, from epi- + legein to say -- more at LEGEND : an afterthought posted online
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Sunday, June 19, 2005
New York Times :: Looking Long Term? Get Your Glasses
Article
In other words, most investors tend to ignore events that are scheduled to happen more than five years into the future. They are like drivers who ignore warning signs about slippery pavement just around the bend, and instead wait until nearly the last second to apply the brakes. Among other things, this would suggest that an optimal lending strategy, from, say, a predatory mortgage lender's point of view, would be one in which terms shifted and hidden costs began to reveal themselves five or more years out.
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