I’m not a trader. If a position moves dramatically in my favor, I’ll take a piece of the position off of the table or hedge its performance.It’s not what I look for but face it, it’s OK to be lucky if you don’t get greedy.
As I’m sitting, watching the overnight action, post the United States and China being on the same team, I note something interesting. Nothing has really changed. That’s not the surprise. The real surprise is that no analyst or advisor is willing to put their neck out and take a position. So in reality, the only real news today surrounded Aaron Rodgers, the new Steeler quarterback. He is married. Maybe that will help him on the field.
What Really Changed
Now remember, the China news just hit the markets. Things may change. Then again, why should they? Nothing has really changed. China still holds the United States by the balls regarding rare earth metals. The United States makes better chips. We need to sell their inferior consumer products and they need to be able to sell them. i would like to think China needs our access to foods, but then again, how much of their total population does China feed?
I’m very entrenched in the “rare earth’ element industry. There is no shortcut here. Many of you showed an interest in our project. Unfortunately, when we talked about a long-term, more than five year horizon, your interest dissipated. That’s OK. We hoped a couple of you would be interested in what was a riskless offer, but you were not. We have raised more than enough investment capital for our initial rounds. This industry is just getting started. It’s like steel on steroids, but chances are you would have found a reason or two to say no to Carnegie.
Business Plan 101
It’s a busy time for me. Running money is busy. Keeping ahead is more important than not but then again, such is life. I’m seventy. I’ve taken four entities from 'imagination’ to reality. Good ideas and projects come around once every ten years. They are getting to be more expensive and fewer by opportunity. I’m a cash flow manager. It is not my profits, rather it is my cash flow that makes my decision-making unique. Profits can be fictitious. Cash is real, so are Bitcoins. Change with the times.It makes sense.
So it’s time to start writing. It took more than half of a year to assemble this idea. It’s not going to take that long to get starte,d but this is where patience came into play. i hope you all practice being patient. It’s the only way I know.
Blackbird is perhaps one of the best recordings McCartney ever made. There are so many interpretations. Such is the story of life. One person’s victory is another one’s poison. That’s life. Patience is the answer. Greed kills. Once you’ve made your plans stick by them. Worst thing that can happen is that you are wrong.