If it's scarce, it must be valuable. Forgetting or not noting that it is only scare because we all want the same thing.
But it's what keeps the economic wheel rolling so there's no ending.
Success at one thing creates that illusion of scarcity as well. Suddenly, everyone wants YOUR success or wants to be associated with YOUR success if they've concluded they can't have YOUR success.
That behaviour ordinarily opens the door to you for the next success.
That's so because those coming after you and that you allow as well have a form of success in them that can be easily leveraged for your next success.
They will willingly give it because remember they want to be associated with you or want your success just as you theirs.
Like I said, it keeps the wheel rolling so you can't undo it.
Understanding it though is a leverage.
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Your experience, thoughts and observations on money, finance, investing, stocks and the likes are welcome.
The guiding principle is UTILITY. That is, anything you write must be useful to the reader. It should spur them to do something. Either to act, change their mind,
start doing something, stop some others and the likes.
”As their acceptance increases, their reliability tends to diminish”
This is one of the greatest ironies of the stock market and it permeates all spheres of life.
When theories are about to be formed we resort to data from the past. Upon examining this data, we tend to draw our explanation of the past.
Once this explanation of the past is generalized enough to form a theory that can guide the future and becomes generally accepted,
its reliability starts to decline.
I found this mystery in the stock market.
Here's why it happens that way:
Price is a conveyor of information, many times you don't need to know what has happened to an asset all you need to do is see what the price is saying.