Wednesday, September 29, 2010
Crisis Equals Opportunity
If I knew very little about the markets, I would not be tempted to return. The institutional managers seem to have an unfair advantage in a system we could nicely label as rigged, at worst, corrupt. The markets seem to have degenerated into a wild west show, where the powerful trump all.
So, while I was watching a David Suzuki rerun recently, I was struck by something his daughter said. Having heard her father continually rail against the people and corporations that show complete disregard for the environment for so long, she had grown to believe it was too late to turn things around. She felt there was nothing she could do. After all, they wouldn't listen to someone as well known as her father.
I believe the expression is, "You can run, but you can't hide!" I have already hinted at what I think the solution is. Learn what works for you. Get educated. Start small, start smart. Make continuous improvements. Apply that experience to potentially new and better opportunities. There are no short cuts. We all have to pay our dues. Nobody in this world can do a better job looking after your money than you can with a little hustle, and bit of common sense.
The day I walk away from the opportunities the stock markets provide is the day I run out of hope. Don't give in to learned helplessness. All too many of those who have given up will never return and will deny themselves of the opportunities ahead. Instead, when the time comes, be brilliant, not afraid.
Have you had it? Are you ready to cash in your chips?