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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (5931)	7/18/2001 1:38:46 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<If we are not worried, we do not have a large enough stake at the stake.> And we have a great interest in not being burned at the stake. I am well aware that feeling godlike is invariably a mistake. That's due to the fact that being a little blob of protoplasm is NOT a godlike state. Hence, as soon as those godlike feelings arise, one should know that one is in big trouble because one's self-image has parted company with reality. Parting company with reality isn't good for long-term survival [or profits]. That's why I spend inordinate time peering into my crystal ball, trying to figure it all out. However, a state of confusion is as problematic as belief in being godlike because a state of confusion = brain out of function and befuddled and "NO" becomes the only, always wrong, answer. NO is always wrong, but usually the safest option. NO is always wrong because there is always something better to do, but the confusion means that thing to do is not figured out [due to the lack of brainpower, information, understanding etc - due to being a blob of protoplasm]. So, we have to seek that happy state of supreme confidence, while remaining aware of being protoplasm and the need for extreme watchfulness to look out for dangers coming over the horizon into view. But must not go into the godlike state of not needing to do anything due to being God! Pride comes before a fall is the proverb! <<I have no confusion in the current international financial, equity, political, military, technological, demographic and climatic conditions>> <and this makes you particularly dangerous to yourself, because blips, bumps and butterflies taking off can be indicative of some nasty pending earthquake or storm coming our way, and not of the inconsequential proportions.> So, when I say I have no confusion, I'm kidding really, but am fairly confident about what I have figured out and where things are going. That confidence is essential to avoid the simple, confused, NO response to circumstances, which protects capital [essential] but fails to gain the opportunities [where the big gains come from]. Clearing the fog of confusion is the investor's job. Being aware that there is always confusion [in the investor's own mind] is essential. I hope that's removed any confusion about what I meant. Mqurice