Today, I read a post on Ideapod about the top 8 investors’ take on Bitcoin.
Since when Bitcoin came, it has never resonated with me.
(I am not saying it is bad or anything, I am saying it has never resonated with me.)
But this post is not about whether Bitcoin is good or bad.
This is an investment quote that got my attention.
The quote goes like this: “Be fearful when others are greedy.”
This quote came as “wise” investment advice, but it resonated with me from the overall life perspective.
And here is my take on it.
- Look at your close circle of 5 people.
- Note down about five actions of theirs that you remember without any effort.
- You will have a list of 25 actions.
- Now classify those actions as “Greedy” vs. “Normal” actions.
- If you have got three or fewer greedy actions, then Bravo! You don’t need to read further.
- But if you have got more than three greedy actions, drill further.
- Are those actions coming from a single person? Or different persons?
If those actions are coming from different persons it’s okay. Be alert, but it’s not much of a problem.
But if those actions come from 1-2 persons, then be conscious.
Your close circle has a “bug” that must be fixed.
It is time to feel fear.
Yes, feel the fear!
But take the necessary actions.
As Susan Jeffers famously says, “Feel the fear and do it anyway!”
A simple quote in investment advice can teach this.
- Link to the Ideapod article: https://goo.gl/xjue8E
- Susan Jeffers’ book: https://goo.gl/V3rkAM
- It is okay to feel the fear – but still do the right thing!
- I have zero investment in Bitcoins. People may call me “unwise,” but I am proud of that unwiseness!