Over the past few months LB and I have noticed what I would call a climax in fear in businesses and individuals. We have tried in vain to engage other trading businesses in various joint ventures that would be good for all. However, despite leaping at the chance the reponse from all has been…..we cant do that matrkets are tough at present so we need to hide under our mommies skirt because we are all limp dicks. If ever there was a time to go hard it was when others where scared and opportunities abounded.
Apparently, our profoundly well informed media say that things are bad….really I know lots of traders/businesses who are having their best months. And we all play in the same pond so whats the difference?
The ignorance part comes from a joint venture we were trying to set up with a US trading group and this is going to sound so terribly stereotypical but it came to nought when they realised that Australia was not a small land locked European country bordered by Germany, the Czech Republic, Hungary, Slovakia, Slovenia, Italy and Lichetenstein. Austria is the birthplace of Adolph Hitler and Arnold Schwarzenegger, Australia is a big arse island stuck in the bottom of the Southern Hemispehere. It is the birthplace of the Crocodile Dundee and Steve Irwin those ever so wonderfully accurate stereotypes.
I posed the question in the first paragraph as to what was the difference between those doing well and those who were shell shocked and the answer with all things is simple. It is mindset – for some adversity brings opportunity and a chance to prove themselves. For others it shows them who they really are and being shown who you really are is for some confronting and disappointing.
I know I harp on about this relentlessly but the difference between a trader who does well and one who does not is often a matter of what goes on between their ears.
PS Anyone know who I can write to to make certain every American is supplied with an atlas….