Welcome to my Luck&Gravity Blog. This blog is about the Magic of Money—everything from how to attract it (possibly), to how to invest it wisely (definitely), and how to spend it (joyously).
My mother—a devout optimist—finds ‘lucky’ signs everywhere. As a child, I remember shopping with her in the grocery store. Picking up a bunch of bananas, if there was one that was less curved than the others, she would point it out and say, “Now that’s a lucky banana. Something good is going to happen today.” Cloud shapes, birds’ nests, numbers, colours, found coins, and various other happy omens populate her world. According to my mother, luck is everywhere. You just have to pay attention.
As I grew up, enchanted as I was with her brand of magical thinking, life experiences began to tilt the other side of the see-saw, pulling down some of that early unbridled optimism.
Because, beguiling as it is, bona fortuna is only half the story. Fortune comes and goes. Things go up and they go down. But gravity, gravity is always there.
There’s no better place to see this dynamic play out than in the stock markets. Here we find, on a daily basis, the bipolar dance between luck and gravity. Periods of expansion and good fortune, where seemingly no price is too high to pay for stock market darlings, turn on a dime into sombre periods of low-to-no-growth when everyone goes back-to-basics.
As a keen observer and participant in the markets for the past 20 years, I’ve come to see them as one of my life’s great teachers. Though they don’t care a fig about me, the markets have taught me to think critically, to read widely, to find interconnections, to trust myself, to take the long view, to take the short view, to be patient, to be disciplined, to take risks, to hedge risks, to not take everything personally, and much more.
As the late actor/comedian Jackie Gleason said:
If you have it and you know you have it, then you have it.
If you have it but you don’t know you have it, you don’t have it.
If you don’t have it but you think you have it, then you have it.
As the world’s best stock investor Warren Buffett said:
Trees do not grow to the sky.
In other words, you’ve got to believe you have it (even if you don’t) and you’ve got to get real (learn the rules of investing). That’s the sweet spot where luck and gravity, (and magic and money), intercept each other. And, when they do, how sweet it is.