Most people never dig deep into their internal worlds.
There are two mental attitudes each person can choose to live according to. One of them would make them a punching bag, which is quite resilient and reacts with equal force when the environment pressures him, but he never act out of your own self-direction.
Having multiple streams of income is a strategy I’ve perfected over the years, and while most people are looking for that single magic formula to make them rich overnight, I’ve been quietly “beating the street” by compounding my returns over time.
Each one of us lives an incredibly rich internal existence. We all talk to ourselves from the moment we are born until the moment we pass on. As I walked the streets of Seattle this past week, and every time I spend time in big cities’ downtown area, honestly, I think about how big our world is and how billions of Asians are sleeping when we’re awake, and vice versa.
I don’t like the level of risk tolerance investors have at the moment – it looks to me like the rich have determined that the governments and central banks of the world will not allow stocks to fall dramatically, so they’re using leverage without proper consideration of the risks involved.