|
“Security is mostly a superstition. It does not exist in nature,
Nor do the children of men as a whole experience it. Avoiding
danger is no safer, in the long run than outright exposure.
Life is a daring adventure or nothing at all.”
Helen Keller
You often hear the last part of this quote—that life is a daring adventure or nothing at all. But how often, if ever, have you heard the first part—that security is mostly a superstition?
Change and the unknown are the fuel that drive markets. We make our living because of this in whirling uncertainty and fast paced alteration. We place our money into this mix, and yet we seek financial security.
We seek security in other areas as well—emotional, physical, mental, and spiritual, not only in this life but the life hereafter. The area in which we are most focused is the area in which we grew up most insecure.
It occurs to me that most of the values we long for in our lives are nothing but elusive ideals. We seek love, freedom, independence, happiness, beauty, and security.
What if they are merely fleeting experiences to be enjoyed while we have them, but not clutched or demanded? Oh, but we want to know we have them securely now and always. We’ll need resilience and optimism to see us through.
Most traders hold independence and freedom as their highest values which have a financial ingredient at their base, so let’s talk about financial security.
As traders and investors we are constantly having to place some part of our financial cushion at risk. We throw our money into the daring adventure and get rewarded or punished for our courage or fool hardiness. We continually have to balance what we have with what we want. It’s the bird in the hand and the bird in the bush syndrome.
|