You life is carefree, and you feel unconditional love from all over.
You're surrounded by your peers, and everyone is basically doing the same.
Other people!
They'll tell you what to do, how to feel, before you know it, you're pouring your life out in search of something other people told you to go look for. Soon, you're lost in the search of what's not yours in the first place.
The irony of the world we live in.
You life is carefree, and you feel unconditional love from all over.
You're surrounded by your peers, and everyone is basically doing the same.
Nothing really changed except now you have a certain place you need to be for a good portion of the day to 'learn things' you may or may not be interested in. Odd but hey - life isn't asking too much of you.
- Get good grades, so longer school hours,
- Getting physically stronger and more capable to care for yourself,
- The pressures to fit in and conform increase,
- After graduation, you have some big life choices to make, to some extent.
You quickly learn to conform to what's expected of you.
You find that if you work hard enough, you can have the nights, weekends & days off so you live for these times when you get to connect with people you care about.
- Late 20s/early 30s go by so fast
- You're now 100% accountable for your mistakes,
- Now you pay for everything yourself,
- Stay in the loop w/ society & politics,
- Financial security becomes a drag.
Life is beginning to become a grind.
Are you married? Do you have kids? You begin to look back on life and wonder if you made all the right choices, yet you do the needful.
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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
