Sunday, October 21, 2012
So you want to be spoon-fed?
I was at a party not long ago. Great people, great food. Invariably, when in the midst of people who know what I do for a living, the conversation will turn to stocks and the market.
As the evening wore on, there was a guy who was looking for a hot tip. There is always one in the crowd. Somebody, somewhere looking for the holy grail on a Saturday night.
With cocktail in hand he closed in for the big kill.
Unfortunately, for him, this is what I told him.
I told him big profits come from chaos.
I told him life isn't fair. Accept it for what it is and exploit what the world offers you.
And because he was a "do-it-yourselfer", not wanting to pay for the services of a professional money manager I told him to commit to educate himself as opportunities present themselves.
He walked away extremely disappointed. He had not a clue.