It's a bitterly cold day. you have lost all feeling in your nose. Your ears are hurting . You hunch your shoulders together to bury your head under the raised lapels of your greatcoat.
You turn a corner and you see a frozen pond. Can you risk taking a short cut across ? Or would it be safer to walk to the bridge half a mile down the road ?
You notice a man on the other side of the pond . He gingerly steps on to it. It holds the weight of one foot. He carefully places the other foot on the ice.
A young women behind follows his lead. As you watch, some children arrive with skates, and more adults follow them. Soon, the whole village is having a party on the ice. Each person had given the next person the confidence to join the party. The more people clamber on to the ice, the safer it feels. It's logical, isn't it? Or is it? Something makes you stop. You turn around . You walk away. Behind you , you hear the crack and the first scream .
Stock market follow the same psychology . As an increasing number of heavy bodies add themselves to the ice, human nature makes them feel that the safety factor is increasing. But the clear thinking observer realises that their added weight means the opposite is true. Each fresh body on the ice makes it more - not less- likely that the ice will crack .The global investment business today is a business exactly the same way that the street market in Mumbai or Dubai is. It is manned by salespeople, and they all have products they want you to buy .They make sure that what they sell is attractive . They tell you uplifting stories of how buyers of their services have generated wealth for themselves. They attract you to the ice. There are lots of people on it, so it must be safe .
You turn a corner and you see a frozen pond. Can you risk taking a short cut across ? Or would it be safer to walk to the bridge half a mile down the road ?
You notice a man on the other side of the pond . He gingerly steps on to it. It holds the weight of one foot. He carefully places the other foot on the ice.
A young women behind follows his lead. As you watch, some children arrive with skates, and more adults follow them. Soon, the whole village is having a party on the ice. Each person had given the next person the confidence to join the party. The more people clamber on to the ice, the safer it feels. It's logical, isn't it? Or is it? Something makes you stop. You turn around . You walk away. Behind you , you hear the crack and the first scream .
Stock market follow the same psychology . As an increasing number of heavy bodies add themselves to the ice, human nature makes them feel that the safety factor is increasing. But the clear thinking observer realises that their added weight means the opposite is true. Each fresh body on the ice makes it more - not less- likely that the ice will crack .The global investment business today is a business exactly the same way that the street market in Mumbai or Dubai is. It is manned by salespeople, and they all have products they want you to buy .They make sure that what they sell is attractive . They tell you uplifting stories of how buyers of their services have generated wealth for themselves. They attract you to the ice. There are lots of people on it, so it must be safe .
At WealthMills we are committed for the safety and wealth creation of our clients with high ethical professional standards .
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