Holidays are often an interesting time for me. Especially when I visit my parents. I guess it makes me think about family dynamics, and why I visit them - do I feel a sense of obligation? Of having nothing better to do? Do I really want to be here? I think the lesson I have learned over the past year is to listen to all the voices in my heart. If they are in conflict, there is a deeper issue to resolve. Fear, uncertainty, lack of confidence - the more those are resolved, the more united my heart will be, and the clearer it is how to live.
I feel content with how this year is ending. I am very thankful for the friendships I have, true friendship, like life itself, is precious and in many ways so delicate.. I feel lucky to have had the opportunities to enjoy the friendships I have, and to be able to maintain them, despite my sometimes lack of effort. I was reading my chinese horoscope on facebook today, and it had this to say:
"Dragons are usually popular people, but because of their personalities,
they seem to gather as much criticism as they do esteem. Due to their
tumultuous temperaments, Dragons are not the most sensitive friends to
those in need of a shoulder to cry on. Those who truly know the Dragon
know he is a loving soul who will become your best ally in times of
need. Once the dynamic Dragon has given his friendship, he will not let
his friends down and will never falter in his allegiance to his
companions. To a Dragon, a friend is a friend for a lifetime.
Incredibly honest, Dragons are known for sincerity and are trusting
souls. Because of this honesty, Dragons don't realize others may not
demonstrate or uphold the same codes of ethics. Making the discovery
that they placed their trust in someone who is dishonest makes the
Dragon person quite sad, yet much more perceptive for future encounters."
I guess a lot of that is true for me, but I especially do strive to be there for my friends in their times of need. And I also hope that is something they know.
Reading the horoscope also brought to mind that there is a curious conflict between being a cancer and a dragon. Cancers are known to be loving and emotional, sensitive and nurturing, sympathetic and protective, which are certainly characteristics I possess. And dragons are supposed to be opinionated, egocentric, conceited, prideful. And those are also characteristics I possess.. But those seem almost like opposites. How is it that I can have seemingly opposing characteristics??
Ok, enough self evaluation for this post. I could write more and more but I'm already approaching wall of text status, so best to move on.
When Genius Failed: The Rise and Fall of Long-Term Capital Management
So I finished this book today. It was really interesting, I like how it shows some characteristics can really succeed in certain market conditions, and then turn around and punish the same player for lacking another characteristic. The managers of LTCM were incredibly bright people, lots of PhDs and two nobel prize winners, and they believed so unfailingly in their models.. They took 1 billion of capital and turned it into about 4 billion in their first 4 years.. And then in 2 months lost over 90% of their capital and were on the verge of bankruptcy. Their intelligence and models carried them for the beginning years, and then their inability to be prudent with leverage, difficulty in working with others (they had treated their banks with disdain, only to come back begging for help), and perhaps most of all their greed and stubbornness (unwillingness to listen to the warning signs) set them up for a giant fall. The world of finance is quite fascinating in many ways. It brings together so many contrasts. There is no one type of person that succeeds most (well, personality-wise that is - I'll admit certain demographics probably have an "advantage").
In a way, I also saw that when I gained and then lost a lot of net worth a few years ago, there was definitely a positive side to it. I saw that I needed to learn how to be prudent and a little cautious with money, rather than just hope for the best. Better to learn that lesson with a big loss early on in life, than one late in life. I also noticed that though for years I have wanted to learn more about managing my finances, I procrastinated.. But in addition to procrastinating, I held myself back in a way from succeeding, subconsciously reasoning if I really succeeded again monetarily and didn't know how to handle it, I might just lose it again (which is at least a logical line of reasoning). I guess all this is to say that I feel I have a better handle on financial matters recently, and in turn is perhaps creating in me a very unusual state (for me) of actually being interested in my career and sort of wanting to succeed in it. I think this is actually the first time in life I've ever felt any career ambition. But then, it could also be I remembered, I want to basically be mostly retired by the time I have kids (so I can spend more time with them and be a good husband and father), so I better hurry and make more money, because if I don't, I can't move on to the next stage of having a family!
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