Saturday, June 6, 2009

Jack and the Bean "Stock"

I'm sure everyone has heard of the story of a boy named Jack who finds some magic beans which grow into a bean stalk that reaches the skies overnight or something like that. Wouldn't it be fun to find some magic stock to invest in that would touch the skies in a few months? I am sure it would but reality is no fairy tale.

Finding and planting beans that have the potential to reach the skies takes time. Waiting for the bean stalk to reach the skies or somewhere close needs immense patience. But patience is mostly in short supply when Greed and Fear are the two emotions that rule the market. When the giant named Lehmann brothers fell from the skies last year it sent shock waves around the earth, causing a chain reaction of widespread fear. It confirmed the worst fears of many that the huge bean stalk like in the fairy tale was just imaginary. But unfortunately the money spent in buying and tending to it was all too real. Once bitten twice shy is true in love but in the stock market excess greed makes the bite so forceful that one remains shy for a long time indeed, maybe even for life.No one planted beans that year.

In all of this mayhem there was a farmer, who had your regular variety "rajma beans", that she planted during the rains. She tended to the shoots carefully, protected them from birds and watched them grow steadily. And when the plants grew she sold some beans and planted the rest of them on an adjoining piece of land that she could purchase with the sale of beans. This my friends is no fairy tale.

I have not held any magic beans in my hand and dont believe in fairy tales either but like that farmer if I can plant enough regular "rajma" beans and be patient I should be a happy man indeed.

No comments:

Post a Comment