Above one way I use is to study in quietness the turbulence!
The New York Times breaking news yesterday was enough to make most international investors and businesses cringe: The story said: Markets Tumble as Signs Point to Weak Global Economy
The stock market fell sharply Thursday on intensifying investor fears about a slowdown in global economic growth and worries about Europe’s ongoing debt crisis, which is centered now on Italy and Spain.
As Japan intervened to weaken its currency and European stock markets turned negative across the board, United States stocks fell by around 3 percent in morning trading in New York.
A fear haunting markets in the United States is that the economy may be heading for a double-dip recession. Although the fractious debt ceiling debate is now past, markets fear spending cuts and weaker economic data point to a weaker economy. The latest weekly jobless data Thursday again showed the economy was still fragile.
How can we move ahead in such a turbulent world?
Three recent notes I received provide some clues on how to have everlasting success despite economic ups and downs.
One note said: Gary, I was living in New York in the 1980s when I heard about you, and started to follow your precious advice. I opened an account at the Jyske Bank in Denmark, and everything went very well. I still remember when you were planning to buy real estate in North Carolina. I was student at the NYU and I graduated in Dentistry, had a successful Dental practice and am retired now, living in Brazil. I lost contact with you but now want to continue my education with you. So, I owe you so much, and I am sending you this message to THANK YOU VERY MUCH AND GOD BLESS YOU AND YOUR FAMILY. Sincerely,
Another reader wrote yesterday: I have so enjoyed your emails for 2 or 3 years now, they have become the highlight of my day. They give me “hope” and a dream.
Another recently wrote: “Hi Merri. I am looking forward to meeting you both again. Had met in Niagara in the 1980s. Thanks.”
Here are three valuable thoughts we can gain from these kind words about the past that can help us invest and do business in the future.
Thought #1: Be steady. Please excuse me for bragging but was I ever impressed with myself with those thank you words! Any such blessing from a reader is wonderful but… serving a reader who began in university, built his career and has now retired… yet still finds I can help. Wow! Did that make me feel good!
Buddha at our North Carolina farm overlooks our…
Actually good is not the right word. Merri and I are just steady.
Steadiness or focus is a universal foundation that we can all tap into. The best way to gain this power is to do something you love… that you deeply believe in… and that rewards you in some fulfilling way.
There is a great article entitled “The Power Of Steadiness Or Immobility” at the virtualsynapses site (see a link below).
Here is an excerpt: The power of steadiness or immobility is one of the many siddhis (spiritual powers) described in the Vibhuti Pada (Book III) of the Yoga Sutras of Patanjali. Have you ever wondered why many tales about yogis, saints, and buddhas describe how these spiritual masters can sit in meditation for hours and even days at a time without being disturbed by any external distractions? One of my favorite stories is about the Buddha. It is said that when Siddharta Gautama reached enlightenment, he spent a whole week in front of a tree, gazing at it with gratitude and his eyes fully opened the whole time. A shrine was later erected on the spot where he stood and the tree is famously known today as the Bodhi Tree.
This is a law of Nature. When we strive to act, the forces of Nature do their will with us; when we grow still, we become their master.
Thought #1: “Be steady in your investing and business”. As the world becomes noisier, become quieter. Be still, even when many around you try to move you in directions that are not good and usually not in your best interest.
Thought #2: Look for progressive innovative, unique opportunities in investing and in business. From this quiet steadiness, progressive action will flow. You’ll be able to see and follow the currents and rapids of life. In many ways Merri’s and my business remains extremely steady… exactly as it has been for 30 years… publishing information that we hope will help readers do what they love in a global way. In many other ways our action has evolved… from paper to electronic… from mail to internet… from emerging markets to resources… from the city to the farm.
Thought #3: Work with solid people you like. We have maintained strategic relationships with Jyske Bank… with several attorneys… with several publishers… with several investing advisers for nearly 30 years. Not only has their advice and assistance been invaluable… but the satisfaction of working with like minded souls whom we really enjoy being around is one of the greatest benefits one can enjoy.
With this thought we have begun adding telephone interviews with our steady friends. We are making phone interviews with our most valuable contacts a regular affair so we can share steady global ideas with you.
I just completed another interview with Thomas Fischer Sr VP with Jyske Global Asset Management. You can hear it here.
What tomorrow brings I am not sure… but we’ll be sharing with you at this site… our thoughts and those of good, steady thoughts, ideas, people who can assist you in doing what you love in a global way.
Meet Thomas Fischer at our upcoming International Investing & Business Seminar.