06.13.08
Thoughts on your place in the world…
Under the market economy you are rewarded to moving resources from where they are undervalued to where they are valued more — and punished severely for misallocating resources.
There’s a great old book by george soros, alchemy of finance, that you should read to better understand the market.
If the year was 1900 and you operated the #1 wagon wheel factory in the country, what would you do? Answer - CHANGE. The market changes. Everything changes. We either capitalize on the change, or ignore the change and get hurt by it — but no matter how hard we close our eyes, the change will happen just the same.
(Excerpt from an email I sent to a close friend)
