I don’t know about you, but I am seeing real opportunity in front of us. Maybe the ease and quiet of sitting here in my anti-gravity chair creates this optimistic vision, or maybe, as both a trader and investor, I constantly seek opportunity, so it is more available. I am inclined to the latter thought.
You see, I believe in the cliché that whatever is in front of us is what we create. For me, Life is about having the right viewpoint, collecting the right information, and making the right choices. This belief transcends any particular aspect of my life, so my trading/investing is subject to this philosophy as much as my relationships are, my business dealings are, or when I saddle up and ride into the back country on my bitchy mare (She is a tale for another day.). The point is, Life is what we make it, and I choose to make it an overarching opportunity.
Much like Mt. Baldy, the peak in front of me, rising some 1500 feet above the ranch, opportunity is ever-present, but sometimes we simply don’t see it, even though it looms in our lives. Some days all I see is the minutiae of living, so I never “see” Mt. Baldy, even though that big rock never moves. This is my second point. In order to see opportunity, we have to lift our eyes from the minutia of Life and simply look around. If we lift our eyes and look around at the markets, real opportunity exists in the technology, financial, and real estate/construction sectors for sure. Opportunity also exists in energy, biotech, and nanotech, given the tens of billions now available for research and development, infrastructure construction, and business expansion in these areas.
My final point today is that the market movements themselves are presenting opportunity in the mild volatility of the markets these days. I say “mild” because it is, compared to the unprecedented volatility we experienced last fall when our financial system seemed on the brink of utter failure. For my style of trading, I love the rolling swells more than the peaks and troughs. For my style of living, I want to look up at Mt. Baldy and plot the trail to the top, rather than sit here on such a beautiful day and not “see” the big rock because my thoughts take me to a less opportunistic place.
