We recovered from the Blarney stone by spending a quiet weekend playing golf-at Waterville on Saturday and at Dooks on Sunday-and driving along the beautiful Ring of Kerry.Kissing the Blarney stone is as big a thrill as they say-especially the getting out alive. You get to lie on your back, wiggle your way across the metal grating that comes between you and a fatal drop, and then while gripping a guardrail for emotional support, you kiss the legendary stone. We went to Blarney Castle, where the legendary Blarney stone is lodged inconveniently in a parapet at the top of the building, several stories above the ground.Generally I’ll detour 100 miles in any direction to get the latest word on sales, inventories, and earnings, but there didn’t seem to be an S&P report or a balance sheet anywhere within 250 miles of us here. I didn’t even once stop to visit the headquarters of a publicly traded company.I rarely take vacations, so the fact that I was traveling at all was extraordinary in itself. On October 16, a Friday, my wife-Carolyn-and I spent a delightful day driving through County Cork, Ireland.What’s worth remembering I remember as follows:
More than a year later, and looking back on it with some dispassion, I can begin to separate the sensational ballyhoo from the incidents of lasting importance. It was one of the most unusual weeks I’ve ever experienced. You can’t bring up the stock market these days without analyzing the events of October 16–20, 1987.
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