In Walt Disney’s Aladdin, there is a kind-hearted street urchin who spends his time stealing food from the marketplace and a power-hungry Grand Vizier vie for a magical oil lamp that has the power to make their deepest wishes come true. Oh well, if a Genie were to grant you three wishes, what do you intend to wish for?
However, there are three rules of making wishes. First, Genie cannot kill anyone. Second, there is no making someone fall in love with someone else, and third, there is no bringing anyone back from the dead.
If you were a bull or that kind hearted street urchin, you would wish for the global conflict to end as soon as possible, goldilocks economy and the bull run to last forever. If you were a bear or that power-hungry Grand Vizier, you would want a soaring yield, a crashing Wall Street and the global economy going into a nasty recession.
Enough of wishes and let us go back to the reality. Are we in a bull or bear market? We are focused on so many issues and the bulls and bears can argue till they are blue in the face. Successful investing requires a change mindset. Some of my clients should exercise more patience and adopt a more methodical, calculating way of approaching investing in risk assets.
Warren Buffett says that successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time, you can’t produce a baby in one month by getting nine women pregnant.
I’m not going to explain everything about my work here which is difficult for me to do so. I always look at anything from the positive perspective. I focus on things that I can control well. Anything else is wasted effort.
Those with the ability to invest new or additional capital, structure deals, source investment partners and build platforms will be rewarded greatly during this time. Can someone find me that magical oil lamp now, please?