What would our life be if all the money and the derivatives disappear from our lives?
We would be at a total loss.
Therefore, we need leisure time and leisure activities to keep us going, making us more agile and help us to face our daily problems more convincingly.
Everything in life involved trading one thing for another.
I will use an employee and a boss as an example.
An employee trade his time and leisure for money, whilst, boss trade his money for employee's time.
An employee lives a secured but non-freedom life, whereby, boss, life freedom life but not secured life as long the employee is still subservient to the boss.
Why?
Say Alex is an employee of Benjamin. Alex will always have a secure paycheck by the end of the month if he still in service to Benjamin and his job is up to Benjamin's expectations. However, Alex needs to trade his freedom and leisure time to serve Benjamin.
While, Benjamin has the freedom to do whatever he wants with his life, but, his life is not secure. Whereby, he lived from paycheck to paycheck and in constant need of streams of incomes. However, he is the boss, he calls the guns and he is able to use Other People's Time (OPT) and Other People's Money (OPM) to his own advantages.
In life, there is time to plant, time to pick up what have been planted.
There is time to be born, time to die.
Therefore, in business, there is time to buy, time to sell and time to go fishing.
Why?
This is because business, move in cycles....boom, bust, boom, bust.
Therefore as a cynics, we should buy cheap during a bust when everyone was selling and sell dear during the boom when everyone was buying.
Moral of the story:
Warren Buffet, the father of modern investing always proclaim:
1. "Buy when everybody was selling and sell when everybody was buying."
2. "When everyone was losing their heads, make sure you, don't lose yours."
God Bless you.
Amigo,
Dr Lion.
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