Comment: Interesting

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Interesting

topic, Michael. Thought provoking. Thanks :)

Okay, I'll bite. First off if they're reading the DP they're already ahead of the curve as far as I'm concerned. They know a lot of things other people don't, like why things are happening, and even what's likely to happen in the future. That's huge because there is a chance to prepare accordingly.

You touched on another big point I really agree with which is things seeming slower years earlier. In fact I was just reading a book today written by Ian Flemming (James Bond author) where Bond gives chase to an enemy and his supercharger "digs spurs" into his Bentley's 25 horses. 25 horses. Today's motorcycles come stock with at least twice that. At the time of Ian Flemming, though, that must have been a lot.

So that leads me into the key advice I would give. To the first point, yes, it's absolutely true that there can be information overload. Things moving fast. It's easy to get caught up and confused. For that reason the first thing I would say is simply simplify. Some of this advice has already come up on the DP. In today's modern world there is so much STUFF. There is no way it can ALL be important. Obviously a lot must be frivolous, and it is. So you need to simplify. Humans need three basic things for survival, food, water, shelter. Beyond that what else is it you want? Really ponder that. Sometimes you might just sit in a silent room somewhere, perhaps turn the lights out or down so there isn't more stuff to look at taking your attention and just be for a while. Give your mind time to wander and you may find it lands on things most important to you. That's what to focus on, things that have meaning to you without all the other confusion and BS and info bombardment from external sources.

So that's the first step. You might call it centering yourself. You have to have yourself straightened out before you can effectively deal with all the BS you'll likely face in the day to day world.

Now for the investment advice. Obviously I recommend holding some gold and silver. People might remember I also post a lot advocating bitcoins. I recommend having some of those too. But there is one other thing. All those prior items have relevance mostly from the unique time period we find ourselves in now. The thing I would also advise is look for things that endure. That can be for both financial as well as mental health, so to speak. There is a saying, there is nothing new under the sun. Well, what does that mean? Find those things that don't seem to change much even with large passages of time. I'll give an example. Wine. I know pretty much zero about it, but I want to investigate it when I have the chance. Why? Because there is obviously something to it. Think of its history. It proliferates the world, the bible even. With all this modern frenzy of activity in 2013, the world hasn't forgotten about wine. Why not? What is there to it? Now, what else is like that? Find those things that endure, and you'll be on to something.

You know who invests like that? Warren Buffet. His whole strategy originally centered around finding companies he thought had a competitive advantage that would endure, not for a year or two, but potentially decades. We know how that worked out for him.