“Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young.” - Henry Ford
“Helping others without any expectation and without gain is just as much of a gift to yourself as it is to the person you give to.” - Kat Von D [Go Big or Go Home]
If one can find a way to turn a intense desire into a way into a lifestyle all the better.
Obtaining extreme profits can be achieved with calculated speculation. Doug Casey describes speculation as disciplined / calculated moves deploying capital (cash - money) using distortions in the marketplace. Sometimes assets or entities may be extremely inexpensive as they become out of favor where the supply / demand fundamentals greatly shift to the odds of the owner as the flow of funds naturally return.
Past mistake in the financial markets was not taking gains. Chapter 8 of 'The Intelligent Investor' by Benjamin Graham has been reviewed. All bull markets with a bright future have severe corrections. Rather than fret one can fine tune their process and act accordingly.
Legends akin to Warren Buffett are well aware the world is entering an unprecedented time to find a safe haven for growth and preservation of capital. The amount of new currency added to world financial systems has created a zero interest rate market in the western world and fueled the prices of stocks, bonds and real estate. The days of holding a bond to maturity for 10 years may no longer be a safe option with certificates of deposit yielding less than one percent.
Crisis - Opportunity
When all the currency is on one side of the trade opportunities far away from the crowd may exist. We hope to provide ideas to use the extreme changes in the world to your advantage. If someone told me 25 years ago when I was still living in Jersey City, NJ that I would be living in Encinitas, California & surfing while renovating homes in Uruguay I would have found it hard to believe!
Fortune favors the brave -
Chris
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