Thoughts on your place in the world…

Under the market economy you are rewarded to moving resources from where they are undervalued to where they are valued more — and punished severely for misallocating resources.

There’s a great old book by george soros, alchemy of finance, that you should read to better understand the market.

If the year was 1900 and you operated the #1 wagon wheel factory in the country, what would you do? Answer – CHANGE. The market changes. Everything changes. We either capitalize on the change, or ignore the change and get hurt by it — but no matter how hard we close our eyes, the change will happen just the same.

(Excerpt from an email I sent to a close friend)

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