When I update that we must be very careful and we must buy into the market very small quantities and very slowly, people often come to me in just a day or two and ask .. it's done right? Good time to buy now? and I am like duuuhhh ... what did I just tell you like a hundred times?
I guess it is difficult both to explain and to practice. Like many wise men say that the toughest thing to do in the market is to do nothing. Market is such a happening place that people always want to do something before time runs out or opportunity gets lost. Everything is treated like now or never. The concept and value of doing nothing is just ignored or lost by many in the day to day market frenzy.
Being Tortoisish
This is where I thought I will make a formal strategy out of it to explain this most valuable concept of doing nothing or doing something very slow in the market for time like the current one.
Forget bulls and bears, it's time to be like a tortoise in the market. Bulls are characterized by someone who can cause a rampage just run ahead over everything. Bears are characterized by someone who can maul and throw down anything of any size. Tortoise is characterized by someone who can ... well do nothing. It just stays there for a hundred years.
A tortoise is hard shelled. It is well protected inside it's shell no matter what ever is happening in the outside world. It is slow and steady, not rampaging, not mauling, doing nothing. It probably likes to munch on a few things and just keeps moving slowly towards it. It pursues endlessly what it wants but is never in a hurry to get it and always takes little not everything. Wow a flower ! one day I will reach it and enjoy a few petals from it. It gets it when it gets it. Once it gets it, it enjoys a bit of it and then goes back in it's shell, happy and satisfied.
Buy slowly, small quantities and be very careful
In a market like it is now, you don't need to hurry about anything. First you need to be hard shelled. You need to have enough emergency financial resources that will last long and will fully cover all you need. Then you just need to focus on few opportunities that are very important to you and you need to pursue them slowly and endlessly and you need to do it in very small amounts and be happy and satisfied with very small things. No heroic or mega bets required in this market. Once you had your nibble just go back to your shell and relax. You should be so slow and so small that you can last a hundred years like this ! like the tortoise ! Not saying that the current market situation will last hundred years but you should have the feeling that you can get by even if it does last that long so that you don't have anything to worry about even in the worst of the worst case scenario. Infact you would be slowly and steadily benefiting from it no matter how worse it gets. Simple .. got it?
Enjoy a slow life for sometime
Now don't ask me again if this has started or if that is over and if this is the right time for this or that .. just enjoy a slow and easy life .. it's much more cool thing to do once you get a hang of it .. believe me ! Rest assured if it is time to be a bull again, I will be the first one to let you know .. that is if I am not sleeping in my shell at that time :)
I guess it is difficult both to explain and to practice. Like many wise men say that the toughest thing to do in the market is to do nothing. Market is such a happening place that people always want to do something before time runs out or opportunity gets lost. Everything is treated like now or never. The concept and value of doing nothing is just ignored or lost by many in the day to day market frenzy.
Being Tortoisish
This is where I thought I will make a formal strategy out of it to explain this most valuable concept of doing nothing or doing something very slow in the market for time like the current one.
Forget bulls and bears, it's time to be like a tortoise in the market. Bulls are characterized by someone who can cause a rampage just run ahead over everything. Bears are characterized by someone who can maul and throw down anything of any size. Tortoise is characterized by someone who can ... well do nothing. It just stays there for a hundred years.
A tortoise is hard shelled. It is well protected inside it's shell no matter what ever is happening in the outside world. It is slow and steady, not rampaging, not mauling, doing nothing. It probably likes to munch on a few things and just keeps moving slowly towards it. It pursues endlessly what it wants but is never in a hurry to get it and always takes little not everything. Wow a flower ! one day I will reach it and enjoy a few petals from it. It gets it when it gets it. Once it gets it, it enjoys a bit of it and then goes back in it's shell, happy and satisfied.
Buy slowly, small quantities and be very careful
In a market like it is now, you don't need to hurry about anything. First you need to be hard shelled. You need to have enough emergency financial resources that will last long and will fully cover all you need. Then you just need to focus on few opportunities that are very important to you and you need to pursue them slowly and endlessly and you need to do it in very small amounts and be happy and satisfied with very small things. No heroic or mega bets required in this market. Once you had your nibble just go back to your shell and relax. You should be so slow and so small that you can last a hundred years like this ! like the tortoise ! Not saying that the current market situation will last hundred years but you should have the feeling that you can get by even if it does last that long so that you don't have anything to worry about even in the worst of the worst case scenario. Infact you would be slowly and steadily benefiting from it no matter how worse it gets. Simple .. got it?
Enjoy a slow life for sometime
Now don't ask me again if this has started or if that is over and if this is the right time for this or that .. just enjoy a slow and easy life .. it's much more cool thing to do once you get a hang of it .. believe me ! Rest assured if it is time to be a bull again, I will be the first one to let you know .. that is if I am not sleeping in my shell at that time :)
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