Tuesday, September 30, 2008
Pinging off the walls of my head!
As the title suggests (and I am telling myself that I will stick to the philosophy), I am going to shoot from the hip and not spend time (waste time?) finding the perfect word to describe what is going on in my head. Feels good to start typing without any coherent thoughts. Stock market crash, starting my own company/business are the only things that occupy my thoughts right now. Is it a good time to buy (sensex at sub 13K)? I promised myself that I would buy aggressively when the market tanks and the experts are talking only doom and gloom, and forget about it for the next few years. But now when it does seem to me that we are close to that, I am thinking that maybe I can wait a bit - maybe there is another 10-15% downside on the price, but more importantly atleast another 12 months before prices go anywhere - and earn interest on my money in the meantime. The other side to this is that one cannot time it perfectly, so get in and chill out. Will you get a sensex of 20k in 3 years? A no-brainer. In 2 years? Well, maybe. So then, buy now and keep buying for the next 6 months and then chill out for the next couple of years. Maybe it is time to start a business. Jump in and go for it. The old job is coming along just fine but it's getting boring. The money is a number in a bank statement, nothing more. So what's the downside - go for it. Yeah, maybe you will make a fool of yourself but who gives a rat's ass for that. Who and what are you doing it for? To build something, to create a company and a business that you can be proud of? To do something different since the thought of working for someone else for the next 20 years seems ridiculous? But why leave this cushy job that is high profile, pays well and is not wildly high pressure? To do something that will keep you awake at night? You must be crazy. Well, yes, I must be crazy but I think this is the ideal time to give it a shot. Getting back to a job should be easy - atleast I think so right now! Let's see how it pans out but I am going to swing for the fences here.
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2 comments:
Not bad at all my dear sir. i guess you should have bought at 13 k levels.
True, I wish I had...but then maybe 2 years later, I will be saying I should have bought at 17K as well...:-)
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