Wednesday, November 09, 2022
Cease the Panic
Monday, November 07, 2022
Through the Waves
Monday, October 24, 2022
Deep Relaxation
Monday, October 03, 2022
Different Paths
Wednesday, January 13, 2021
Broad Framing
Wednesday, January 06, 2021
The Great Wave
There will be many lessons learnt when we reflect on 2020, and unfortunately probably most of 2021 too. When the dust settles. One of those will be the danger of predicting things we pretend to understand, but have not experienced. Another will be the peril of basing society on hand-to-mouth existence, because of (amongst other things) a belief in “work ethic”. Asking children as they grow up what they will be, and meaning how will they earn a living. Existence based on a willingness to work, requires the existence of work. The ability to create real value requires reinvestment and a long-time frame. It requires breaking the cycle of feast and famine. It requires being able to pause. Sometimes for longer than we like. It requires a safe place to retreat to. We have to snap our earning addiction by creating capital. Capital is not hoarding. Capital works. Capital can create space for when we realise how much of what we thought we knew is not true. Capital allows you to be wrong without it being the end. If you have the ability to work from home. Be grateful you have work. Be grateful you have a home. Then let us build back better.
Monday, September 28, 2020
Holding the Flood
Money anxiety has the ability to flood our minds. This can be long-term stress where we don’t know how to overcome the barriers to the income required to fund the consumption dictated by our vision of what our lives should look like. The homes we want. The holidays. The entertainment. The fashion. The signals of conspicuous success. It can be stress about the trade-offs, even if we can over come those barriers. Habitual work for money consuming every morsel of energy we possess. It can also be short term anxiety. More immediate. Where the financial waves make our decisions as we hop from crisis to crisis. With brief gasps of air in between bills, or the rising damp of debt nibbling at our foundations. Before controlled movement, comes calm. Finding a path to stillness.
Wednesday, August 19, 2020
Stillness and Shadows
I am trying to get better at honestly recognising the advantages and disadvantages of every position rather than arguing for my preference. One of my favourite books is “The Earthsea Quartet” by Ursula Le Guin. The story revolves around the hero (unknowingly) wrestling with his shadow. Magic lies in discovering true names, and seeing the essence allows change. Like the concept of Wu Wei (action through inaction). Everything changes through acceptance of the starting point. I am a fundamental investor. Meaning I think the best way to make money is by solving real problems. This means I have a preference for being “Fully Invested” rather than trying to be clever and buy in and out because other people are wrong, “Time in the market, not timing the market”. The lesson of 2020 is you need to build in the ability to not do anything. You need to have endurance to afford to get out of bed, even if the world loses its health and mind. “Fully Invested” requires space. Action requires inaction. Garr Reynolds of PresentationZen.com talks of “Hari Hachi Bu”, the concept of eating till you are 80% full. Don’t fight stillness. Don’t fight shadows. Activity isn’t creativity.
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