"If you can keep your wits about you while all others are losing theirs, and blaming you. . . . The world will be yours and everything in it, what's more, you'll be a man, my son." - Rudyard Kipling

“You only find out who is swimming naked when the tide goes out.” – Warren Buffet

As I was reading thru the Wall Street Journal today I came across a personal finance article with the Kipling quote above and it reminded me of the Warren Buffet quote.

Over the last 4-5 years many people didn’t keep their wits about them.  They were convinced that they could use their houses like ATM’s and that the stock market would never go down.  You didn’t need any down payment to buy a house and yes you can afford that $40K car.  People didn’t use their God given common sense.

Did you ignore your common sense?  Are you swimming naked?