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To Have or to Have Not

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Do you have or do you have not? Why not have what you have! It's all you've got.

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To Have or to Have Not

Do you have what you need? It is easy to think of someone you know who has more than you. It is easy too, to think of someone you know who has less than you. You probably have more now than you did before say, a few years ago. Having more is a good thing or, "are comparisons odious?" Billionaires are boring. Do you really believe that judging your net worth is that important? What time do you have? Do you know?

What do you Know?

Did you know that most human beings think that they are smarter than average. They also think that they are smarter than you or me. Can you believe that!

What do you Believe?

I diagnose Financial Culture for a living. When I watch Financial Television I am interested to hear how often the commentators say "I believe." It sounds pretty good…at least they think it does. Makes them sound well… sound, solid, knowledgeable. But is the market really a religious forum? When you believe something, it means you don't really know something but you are pretty darn sure of it? It is noble to believe but in reality, you believe in things which you don't know. One is ignorant but believes. Do you believe that you have enough? They say "Seeing is Believing," but it isn't. Seeing is Knowing. But Knowing is not Understanding. Do you want to be a Billionaire? Well, you can eat like one. Your palate and your digestive system don't know your net worth. Your stomach doesn't care if you're a great big boring Billionaire or not.

Those Great Big Boring Billionaires

I was out with some folks the other night and I mentioned that the Billionaires are Boring. What? Yeah, they are really boring. Why would anyone pay big bucks to have lunch with that really rich guy from Omaha? You know who I mean. They were shocked. "Warren is so nice and generous and smart," they said. I said yes, sure he is, but he is boring. Warren is wonderful and so are the other Billionaires but I would rather go out for lunch with you. Do you really want to be Warren? If you do, I actually don't want to go out to lunch with you. You are you. Let Warren be Warren. How Wealthy are you? You are Wealthy! How wealthy are you? You are as wealthy as you are.

Wealth Management

My wife thinks we should talk to a Financial Planner. Me, who trades volatility, spends weekends studying markets and consults with the biggest money men around! I predicted and profited from the recent market panic. I have more money now than I did last month. Do I really understand markets? Am I wealthy? How do I manage the money? Just get more or, based on my age, put it into the percentages of growth stocks, fixed income and cash that I am supposed to be in? I explain to her that Financial Management is just formulaic. It is boring. She wants to talk to an expert. Of course there are no absolute experts. But she doesn't know that. She doesn't understand money… thus she wants an expert. She understands other things like art but not wealth. Wealth is a proverbial "State of Mind." That means that it is Psychological. Your wealth, your "having or not having," varies from moment to moment depending on your Psyche. Your Psyche is more powerful than what is in your pocket. Time is more important than money.

Time is the Unique Commodity

How much money do you have? Enough? Not enough? You can make more. Work harder, save more, get another job, do some overtime? But, how much time do you have? You can't make any more time. There is no over time. There is only our allotted time. How much time do you "have or, not have?"

Obituary Management

At the end of the day, at the end of your life, you only have what you have left. Actually, it isn't really yours anymore. The poorest human being has so much more than you have. All the "Have Nots" have more than you when you are dead. If you are lucky, you end up with an Obituary. So take your baby out for bite to eat and eat like a Billionaire. You have earned it.

To Have or to Have Not

Do you have or do you have not? Why not have what you have! It's all you've got. It is about the having, not, the not having. I believe that but I would like to understand that. Wouldn't you?
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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