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It's a cycle mon ami. It will always happen. IMHO you should get very good at trying to build a business. Indeed that's maybe why you're even reading in this a
by adldesigner 18y ago
It's a cycle mon ami. It will always happen.
IMHO you should get very good at trying to build a business. Indeed that's maybe why you're even reading in this aggregator anyway. Even when they fail, you learn quite a good lesson, and using people around you to help you leverage your talent will probably put you in a better position to withstand these economic downturns.
On the meantime, get acquainted with sound economic theory books, maybe even some accounting 101's and perhaps a refreshing metaphor wielding book (Millionaire Next Door by Thomas J. Stanley and William D. Danko maybe?) to help you get pumped up.
On a side note, it seems that economic downturns are favored by big investors to get undervalued assets into their portfolio (be it either paper, real estate or even businesses) for cheap. Indeed this seems to have been Buffet's strategy all along. Maybe we could learn from him, that a bearish environment, does not have to be the most caustic of ones.
You can succeed. Try not to speculate too much, go for fundamentals.