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Investing Strategies

New Market Rules: Winning in Short Sales Today

speedImagine this:  While driving down the freeway on a leisurely Sunday afternoon, you decide to explore a new stretch of interstate that recently connected your town to the nearby suburb.

You are cruising along at a cool 70 mph (as you are accustomed to doing on the local highways) when you suddenly get pulled over by a state trooper – who is clearly upset.

The trooper proceeds to explain that he has stopped you because your vehicle was exceeding the new road’s 55 mph speed limit by a whopping 15 miles per hour!  While he writes your very expensive ticket, you submit your only excuse…

“I’m sorry, officer, but I had no idea that this new stretch of road had a drastically reduced speed limit.  I’m used to a different set of rules.”

As he hands you the ticket and turns to walk away, the state trooper coldly recites an old Latin phrase, which continues to hold relevance even today…

“Ignorantia legis neminem excusat.” (“Ignorance of the law excuses no one.”)

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