There are those who live under the mistaken belief that they can have it all. Without any effort,moving they can be the sports star, revelling in glory and adulation whilst moving from victory to victory. They mistakenly believe that investing is easy, that they could have invested all their money in silver at the beginning of the year and made 50% in six months, living the life of Riley while accumulating capital & dividends.
They have this illusion of choice
It’s easy to fall into the temptation of thinking that we can shortcut our way to success, that we can discover a secret and somehow previously unknown method of attaining wild levels of profitability without making the tough choices.
Silver Price [Source: Bloomberg July 2016]
No – you can’t have it all
The lack of choice is unavoidable But they underestimate the hours, days, weeks, months and years of goal setting, focus, discipline and sacrifice that it takes to get to the top and how much more it takes to simply stay there.
It takes what it takes
The fact of the matter is that, if you want to be good, you really don’t have a lot of choices because it takes what it takes. You have to put in the hours to be successful. You have to make the choices and the decisions, and you have to have the discipline to focus on your process through the boredom, the fatigue and the injuries to accomplish your goals. You have to focus on your investment process through Quantitative Easing, the Brexits, the losses and the flat spots in order to be there for the profits and the prizes.
It’s all about having the foresight to plan the trade, and the focus to trade the plan. It requires mastery of the details and levels of focus & patience that are impossible to measure.
If you want greatness … If you want that success… You have no choice.
No - You can't have it all...
