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.

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