Within a very wide range they are insensitive to temperature changes. Like small fish, they often freeze in ponds during the winter only to thaw out, not much the worse for wear, in the spring.
Many investors act like our frog.
They swim around quite happily, oblivious to their peril until it's too late. Strangely enough, most investors think they are doing a very fine job for themselves. Yet, few can tell you what their rate of return has been, how that compares with the market indexes, what their investment philosophy is, what their investment costs have been, how much risk they are taking in their portfolio, or what asset allocation might be appropriate to meet their own unique financial goals. Nevertheless, most remain convinced that their investments are in not only capable, but possibly even brilliant, hands. Not counting my dog, Schatzie, who can call the market turns at least as well as any guest on Wall Street Week , America is a land of at least 270 million fully qualified investment advisors.