Friday, 16 January 2009

Times of maximum despondency

My brief advice about how to filter or ignore depressing reports in newspapers, magazines, radio, television, and on-line media.
  1. Don't take it personally if people do stupid things
  2. Ignore gloomy predictions: the world is not going to end
  3. What looks malignant and universal is usually benign and local
  4. Many horror news contain the seed of immensely profitable investments
  5. When people give up, that's the time to acquire assets dirt cheap
  6. A crisis, personal or otherwise, is better faced through relentless initiative
  7. What looks like a lot of money today has often little long-term significance
  8. Opportunities are created every minute, at least for those who are looking
  9. Nobody but you can decide when a game is over
  10. Creativity and strength of character are built from what you learn on bad days
If you want to gain perspective, there is nothing like reading history. Learn from the past to establish your best strategy for the future. Today, as it has always been the case, times of maximum despondency are times of maximum opportunity.


[Image by timheyer under Creative Commons Attribution License. See the license terms under]


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