Are U.S. stocks the next big thing?

摘要

In the fall of 2005 I was listening to my doctor describe the land she had just bought to build her dream house. The land was purchased from the Rockefeller family. It sounded like the usual game of smart money picking off the peak of the market while picking the pocket of the uninitiated. "It,is a good thing that commodities traders can make money in down markets," I thought. These suspicions were reinforced a month later when a press release from Sotheby's auction house stated: "Sotheby's will be selling a range of decorative arts and Impressionist paintings from the Collection of Mr. Laurence S. Rockefeller, the pioneering venture capitalist.... The proceeds of the sale (are) estimated to bring in excess of $12 million."