Building the Ark
October 18th
Predicting rain doesn't count, building the ark does.
In the world of investment and business, forecasting and planning are often celebrated. Yet, it is not the ability to predict challenges or downturns that truly matters, but rather the capacity to take preemptive, practical action based on these predictions.
Predicting - whether through educated analysis or guesswork - is a common endeavor. However, it takes a different type of resolve to take action, to prepare and respond to the forecasted scenarios. This action requires planning, effort, resources, and courage—especially when it involves deviation from popular market trends or trusting in your own analysis over general consensus.
What truly differentiates a great investor or businessman is not the ability to predict rain but the will and preparedness to build an ark. It's not about forecasting a market trend or economic shift, but about taking tangible steps to mitigate its impact. In the world of investing, as in life, action not only speaks louder than words—it determines the outcome.
Copyright © 2023 by Scott Sansovich