the price. I found the same thing in a triathlon this weekend, there is a point at which you can push farther, but the price you pay later is much much higher. If you don't push as hard you'll actually end up with a better overall time. (Pace on the bike is generally the factor - go out too hard and your run will SUCK!) For me, being slightly out of breath is the indicator in triathlon - once that hits I know I have to back down. I don't yet have a financial indicator though, so at this point I just keep putting more money away and hoping that I haven't pushed too far and am too risky. I guess I won't really find out for another 40yrs so that gives me a little buffer to cover any small screw ups. Do you think that the bankers, lenders, traders that are now being blamed for the "economic downturn" know when they've pushed too far? Do they get slightly out of breath and know that last trade was too much and they need to slow down? Maybe what we need on the stock market floor are a few treadmills so that people could discover their redline, and know how to ride it without going over.
Monday, March 23, 2009
Riding the Line
Many times in life I think you can make a choice about how far to go, whether to hold back or push ahead, take risks or slow things down. The real challenge isn't making the decision, it is dealing with what comes next. If you take the current stock market as an illustration - at some point, the traders and mortgage lenders made a choice to be more risky and see how far they could take it. Now we find out that they went too far and we're now paying
the price. I found the same thing in a triathlon this weekend, there is a point at which you can push farther, but the price you pay later is much much higher. If you don't push as hard you'll actually end up with a better overall time. (Pace on the bike is generally the factor - go out too hard and your run will SUCK!) For me, being slightly out of breath is the indicator in triathlon - once that hits I know I have to back down. I don't yet have a financial indicator though, so at this point I just keep putting more money away and hoping that I haven't pushed too far and am too risky. I guess I won't really find out for another 40yrs so that gives me a little buffer to cover any small screw ups. Do you think that the bankers, lenders, traders that are now being blamed for the "economic downturn" know when they've pushed too far? Do they get slightly out of breath and know that last trade was too much and they need to slow down? Maybe what we need on the stock market floor are a few treadmills so that people could discover their redline, and know how to ride it without going over.
the price. I found the same thing in a triathlon this weekend, there is a point at which you can push farther, but the price you pay later is much much higher. If you don't push as hard you'll actually end up with a better overall time. (Pace on the bike is generally the factor - go out too hard and your run will SUCK!) For me, being slightly out of breath is the indicator in triathlon - once that hits I know I have to back down. I don't yet have a financial indicator though, so at this point I just keep putting more money away and hoping that I haven't pushed too far and am too risky. I guess I won't really find out for another 40yrs so that gives me a little buffer to cover any small screw ups. Do you think that the bankers, lenders, traders that are now being blamed for the "economic downturn" know when they've pushed too far? Do they get slightly out of breath and know that last trade was too much and they need to slow down? Maybe what we need on the stock market floor are a few treadmills so that people could discover their redline, and know how to ride it without going over.
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