This I am familiar with
Most of my colleagues at work are panicking. People are talking about the stock market in disbelief and all I can think about is: “Gee, you guys are slow.” I remember looking at the stock charts in horrow around Febuary, the feeling of being the only one depressed still fresh in my mind.
Probably not good form to be laughing right now, but I am not going to deny the fact that I am happy. Fact of the matter is, the world is now shifting into something that I am more familiar with than your average North American: “Poverty”.
This I understand. This, I have lived with for most of my life and this, is the lifestyle that I have adhered to even during good times. People with more savings have lost more than I did. My loss is peanuts compared to the rich millionaires. The crisis brought them down to my level and brought the world to a more conservative and down to earth mentality: “My territory”.
Add that to my own belief that I am most brilliant and aggressive during times of change. I have to say that things are aligned my way. Just to prove my point, I summoned 10k worth of cash into my bank account from various places to make sure that the transactions can still go through without a hitch and to estimate the time it needs for them to settle. These are my dry powders, my leverage for the way up.
What are the odds that you get hit by lighting twice on the exact same spot? I am betting on that odd. If I am wrong, call me lucky if you will to be the one in a few billion.
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