Hello Dave, <<It's too depressing for words. 1. Cheap money … 103. It all falls apart>> … we of the thread must adjust our attitude towards cheap money in order to avoid getting potentially life-threatening ulcers.
The natural reaction towards the badness that is happening due to awful decisions by the either not-so-very-clever or the extremely evil officialdom encouraged by the very un-smart electorates is to get upset, b*tch & moan, immerse oneself entirely in Aztec financial instrument of gold, get played like a yoyo by the day-to-day changes of crowd psychology, rant some more, and generally getting worn down, day after appalling night, night after terrible day, and finally, lined up against the proverbial financial wall, at wits end.
We of the thread must try, instead, to enjoy the spectacle, take advantage of the situation, help piling on the kindling at the periphery, make occasional raids at the center, and generally try to outsmart the unthinking crowd, which, by definition, should be easy, because they are unthinking.
We should try getting the big financial picture right, within the larger socio-econo-geo-political frame, let the nuances and colours take care of themselves, and in effect ignore the necessarily psychotic daily struggle between greed and fear, and all that which fascinate CNBC so.
As you well know, 85% of management success is timely asset class allocation and 15% is specific financial instrument selection.
Well, let us try to focus on doing well the easy and obvious 85%, and leave the difficult 15% to the mercy of temporal, geographical, and specific instrument diversification.
We can only win by enjoying what is going on, outlasting the opposition, so that we can enjoy some more.
In other words, each morning, we must start by saying to ourselves, ‘I am going to enjoy this terrible day’, and every night, before we tally up the gains and losses, we must mutter, ‘I am going to enjoy this awful night’.
We are engaged in nothing less than the final and definitive struggle for our financial wellbeing and wealth health, and we are, in effect, playing for keeps against the dark economic empire that created the rules, changes the principles as it sees fit, and is out to see us poor. It starts each day by saying, ‘the rebellion must be crushed’.
I like to think, in this struggle, it is power to the people, but I know, unfortunate and unfair as it may seem, most people will be crushed.
Chugs, Jay |
