What’s Your Tinted Glasses?
G’day all
Lindsay back again with the regular Friday musings to get you through the week. Hope you enjoy our newsletters, I would love to get any feedback on anything you liked, didn’t like, or if there is anything you would love to see in the newsletters, flick us a quick reply!
So as another week fades, we are halfway through winter here in Oz already!
I will admit, I am certainly looking forward to some warmer weather, but we have not had a harsh winter so far by any measure. Days have been quite mild really, and we will see what the next 6-8 weeks brings.
Now, I don’t know about you, but I have found LockDown 2.0 here in Melbourne to be a very frustrating time. Trying to get any traction in anything seems to be like trying to run through molasses… now there’s a picture for you.
I was talking yesterday with one of our newest property coaches (these guys/girls have a wealth of knowledge so if you want details of our coaching program, reach out!) and she is based in Brisbane, with life in Queensland almost ‘normal’ or at least some close resemblance of it!
I found myself very jealous, as I was reaching for the facemask to go get a coffee…
But it did make me stop and think, that everything we do, every decision we make is based on our own perception.
Every one of us looks at the world through our particular ‘rose-coloured’ glasses. What we see is tainted by our experiences in the past, what we are going through in the present and by what we have been taught.
One mother, born and raised in regional Australia, riding dirt bikes on a farm at 10, would have no issue with her 16-year-old son looking to get a motorbike license; another mother would be horrified. Neither is wrong, it is just their perception of life, their ‘tint’ on the world.
Real knowledge comes from being able to recognise this and remove the glasses, even if just for a minute and examine something for what it really is…
I posted in my recent blog, talking about the difference between a Speculator and an Investor, and the truth is, most of us were taught to be speculators…
We are taught to find the bottom of a property market, buy then (and only then) and wait until the top to profit…
But taking the glasses off for a second… how do we actually do that? One of the greatest investors of our time – Warren Buffet, even recognises that no one can confidently pick the bottoming out of any market, whether it be stocks, shares, commodities, or real estate, that’s luck…
And then to know which way a market will go from there, well, that’s chance…
Maybe, what we have been taught about investing is wrong…or at least does not apply anymore.
Maybe, markets and economies have changed so much, tainted by fiscal policy, government stimulus packages, quantitative easing, Modern Monetary Theory, just to name a few, that the old ways are just that now…old.
And if, consciously, we are able to realise that what we know might not be applicable now, then finally we can remove those glasses, tinting our view of the world.
Maybe then, we can start to really look at what is working…
We do not need to know WHAT is right, just the knowledge that maybe we need to reassess is often enough for us to get our brain into action and really look, really analyse any given situation.
The great Dr Wayne Dyer’s fabulous quote “When you change the way you look at things, the things you look at change…”
Wow… how true.
What is it that you might be looking at that maybe needs a fresh viewpoint?
You got this!
Happy Investing all and have a great weekend!!
