Monday, May 27, 2013

Recognizing the opportunity

When the great library of Alexandria burned, the story goes, one book was saved. But it was not a valuable book; and so a poor man, who could read a little, bought it for a few coppers. The book wasn't very interesting, but between its pages there was something very interesting indeed. It was a thin strip of vellum on which was written the secret of the "Touchstone"!

The touchstone was a small pebble that could turn any common metal into pure gold. The writing explained that it was lying among thousands and thousands of other pebbles that looked exactly like it. But the secret was this: The real stone would feel warm, while ordinary pebbles are cold.

So the man sold his few belongings, bought some simple supplies, camped on the seashore, and began testing pebbles.
He knew that if he picked up ordinary pebbles and threw them down again because they were cold, he might pick up the same pebble hundreds of times. So, when he felt one that was cold, he threw it into the sea. He spent a whole day doing this but none of them was the touchstone. Yet he went on and on this way. Pick up a pebble. Cold - throw it into the sea. Pick up another. Throw it into the sea.

The days stretched into weeks and the weeks into months. One day, however, about mid-afternoon, he picked up a pebble and it was warm. He threw it into the sea before he realized what he had done. He had formed such a strong habit of throwing each pebble into the sea that when the one he wanted came along, he still threw it away.

Opportunity shall come our way at its time, as it will. We do not know when, and how. All we need is to do our homework and keep trying, being aware all the time. Be it life, or financial markets. We have to keep our patience and wait for it. Wishing to get an opportunity doesn't get us one. Instead, it stresses us out, only to depress even our normal performance.
The key to recognize and grab the opportunity is to be aware every single time while we attempt, and not do it mechanically as our repetitive routine. Because that one time could get us our ‘Touchstone’! 


Dinesh said...

Dear Sir,
Thanks for sharing this useful advise.
Having patience and exploring every single opportunity with due care & seriousness, is the right approach. This is true not only while trading but also in other fields.
Thanks again.

Ashish Gutka said...