“Every decision is risky; it is the commitment of existing
resources for an uncertain and unknown future.” – Peter Drucker
This quote reminds me of
three things about life:
Number 1: Risk is a way of life. There is no way to avoid it in any
world. Our job is to assess and choose the risks that we believe will pay the
most (or at least harm us).
Number 2: We must decide to do something. To do nothing is really a
decision to do something – nothing. Furthermore, when we decide we must be
committed to it.
Number 3: The future is uncertain and unknown. But would we have it any
other way? That is exactly what brings the adventure to life, isn’t it? The upside
resides only in the unknown.
It is always amazing to see studies like the one Franklin Templeton did
over the last three years in which they surveyed 1000 people to see how they
thought the stock market had performed. In all three years (2009, 2010, 2011)
half or more of the respondents said the S&P 500 had ended “down or
flat” for each of those three years. The reality? 2009 +26.5%, 2010 +15.1%
and 2011 +2.1%. So maybe they did not miss it by much last year, but the point
is there is a negative bias among most Americans when it comes to the economy.
This is because bad news sells advertising. Therefore Americans are inundated
with bad news which shapes our view of history AND the future.
But news outlets who are trying to sell ads are not the only culprits. I
believe there is a prevailing sentiment in our nation in which certain
political persuasions want to set a negative tone about the future in order to
gain more dependency on …
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