Economic Opportunities

Entrepreneurs don't have challenges, only opportunities. Hence the title of this post.

Read this article .

My wife is a wonderful person who sometimes comes to me to explain events in our society. I appreciate her inquisitive nature. Last night she asked me about the "bailout" and what it means to us that it didn't pass.

In my own words I explained to her that our investments did well during the resulting decline because we hare positioned against the "sheep".

The sheep are all those who believe that this government and its legislature can somehow keep this country alive. The sheep are the ones who want someone else to do everything for them, including investing in their financial future. The sheep are the ones who want to vote in a president and legislative branch that will advance this country toward a socialist republic so that all they need to worry about is having a good time and whether or not their spouse finds out about their lover and that the government will help them when they run up their credit and cant pay their mortgage. Those sheep will be slaughtered.

So it was nice to see this article from a Harvard economist who agrees with me and furthers my beliefs in free markets and capitalism. All the sheep who are now upset because their 401K's got slaughtered yesterday are kidding themselves. That money never actually was there. It was a number based on the value of an overinflated market. Now that the market will have a chance to reset itself, the number in their account balance field is closer to accurate. Also, 401K & IRA money isnt yours until you reach the age of withdrawl and even if you pull out before that date, you lose 25%+. So, that money was never yours.

Smart money does its own investing. Its called due diligence and yes it takes time away from your fling on the side, your credit card shopping, and your momentary happiness from having fun with your friends. But what about your kids and their kids? If we do the work and make our own path, they live better. If we let our government right a check to bail out un-profitable companies in trouble, it gets paid with their money. Not a good time.

I come from a blue-collar family that taught me to work first and think hard about the consequences of your actions beyond yourself. I learned to get the work done and then when its time for fun, its that much sweeter. So now we are entering a time of rolled up sleeves and hard work. Good I say.

As the market gets cleared of the losers it uncovers opportunities for those who are aware. The entrepreneur sees and seizes moments like now to create real wealth with lasting positive effects for society because of diligence and planning in an ethical manor.

Stocks I am watching, EFTI, EPR, TXHG, NBF, QTWW.
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