Posted on February 18, 2010 - by La Papillion

The curse of Sisyphus

Photo by striatic

After watching the movie Percy Jackson and the Lightning Thief, I was inspired to relate another greek mythology to modern life, specifically with relations to the market. I’ve blogged about Odysseus and the siren’s song previously and had much fun doing so :)

It was said that there was a king named Sisyphus who was cursed in Tartarus (a place darker and worse than Hades) by Zeus. The nature of his crime is immaterial here but suffice to say, it is a punishment for Sisyphus’s hubristic beliefs, for this punishment is a grave one. He is tasked to roll a bounder up a hill but always, just before the boulder reaches the top, it will roll back down again and Sisyphus would be forced to repeat the task again and again for eternity. Essentially, it’s a task doomed to fail – a punishment meted out for an eternity in frustration.

Have you ever had a stock that you ride up all the way above its 52 week’s high and ride it down all the way down below your buy price? Read more…

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1. My Learning Curve In Value Investing