Throughout my life, I've rarely encountered anyone who has ever said
they took "too many" chances. Quite the contrary, they often say if
they had it to do over again, they would have taken more risks.
As a nation, we've begun moving away from risk-taking. Increasingly,
Americans are becoming unwilling to accept risk of any kind. Fear of
failure. Every outcome must be perfect.
Risk aversion is eventually going to drive America into second-class
status in our increasingly global economy. Guaranteed outcomes mean
lowering our expectations. And lowered expectations lead to
mediocrity and sub-par performance. If you aren't afraid to
succeed, you can't be afraid to fail. This reminds me of a story
that provides a lot of wisdom....
Once upon a time, there was a little acorn that wanted to be the
best acorn in the world. It went to acorn meetings and attended
acorn classes at the University of OAKlahoma, where it discovered
that the ultimate goal for an acorn was to grow into a mighty oak
tree. However, it had to give up its identity as an acorn –
something it was not ready to do.
So it spoke to a butterfly and a frog about the situation. Both told
the acorn they had been through the same dilemma and were happy now
they had risked taking a chance.Finally, the little acorn gave up
its attachment and fell to the ground. Later the acorn awoke and, to
its amazement, found itself transformed into a grand oak tree.
Over the years, many would come to hear the mighty oak tell stories
of how great it is to take risks and have the courage to venture
beyond the imaginary limits we impose on ourselves. We need to
realize that all the wonders we seek are within ourselves. Thx Uncle
Harvey
Good Luck MarketTraders