This is the first write up- moral- Whenever you miss something, you gain something and whenever you gain something, you lose something.
There is one story I read in a book of Osho which I think is from the Chinese philosopher Lao Tze and I consider it one of the best I have read.
Once upon a time in China there was a villager who had a magnificent horse. Kings and wealthy people used to make him with handsome offers to buy his horse but he refused saying that the horse was like a son/person to him. Then one day the horse ran away. All the villagers came to him to convey their disappointment and told him that he was a fool not to have sold him off when the going was good. He replied Just say that the horse has bolted. Dont say whether it is for good and what is for bad . Then after a few days, the horse came back with fifteen other very good but wild horses. All of them became his. The villagers again came and congratulated him. This time again he said the same thing, Just say that the horse has come back with fifteen other horses but dont say that whether it is for good or bad. Then, after a few days, while his son was trying to tame a few horses, he fell and broke his leg permanently. The villagers again congregated and lamented the fall. Again they got the same answer, Just say that he has broken his leg. Dont say whether it is for good or for bad . Then after a few days, a war broke out with a very vast country with whom there was little chance of winning. All the young men were summoned in the army but the villagers son got exempted because of his broken leg. The villagers again congregated and told him how lucky he was. Their sons were going to sure deaths but at least in his case, his son would be in front of him and could even get permanently all right. The old man again said, Just say that your sons are going and mine is not. Whether it is for good or bad, time alone will tell.
One of my bosses also told me that it was a good thing that he couldnt get into the medical profession and got into Engineering though he deeply regretted it at that time. He again missed the bus in IAS but felt better doing MBA later because post liberalization, IAS is not exactly sought after. Then he did not get a job in a good multinational but had to join a smaller company. It proved to be a boon in disguise because he got all round exposure( a big fish in a small pond) rather than a specialized job( a small fish in a big pond) which improved his long term prospects tremendously apart from flowering of his entrepreneurial talent which could have got stifled in a multinational bureaucracy where non access to the top management would have reduced him to a cog in the wheel.
My own experiences also corroborate all this. One can apply it to the stock market too. We wait for filters or closing above a certain level to gauge whether or not there is a genuine breakout. We have to constantly monitor whether the trend of range will sustain. Of course, we have past behavior and weekly charts to judge better. The difference is that breakouts maybe good for some bad for some depending upon positions.
There is one story I read in a book of Osho which I think is from the Chinese philosopher Lao Tze and I consider it one of the best I have read.
Once upon a time in China there was a villager who had a magnificent horse. Kings and wealthy people used to make him with handsome offers to buy his horse but he refused saying that the horse was like a son/person to him. Then one day the horse ran away. All the villagers came to him to convey their disappointment and told him that he was a fool not to have sold him off when the going was good. He replied Just say that the horse has bolted. Dont say whether it is for good and what is for bad . Then after a few days, the horse came back with fifteen other very good but wild horses. All of them became his. The villagers again came and congratulated him. This time again he said the same thing, Just say that the horse has come back with fifteen other horses but dont say that whether it is for good or bad. Then, after a few days, while his son was trying to tame a few horses, he fell and broke his leg permanently. The villagers again congregated and lamented the fall. Again they got the same answer, Just say that he has broken his leg. Dont say whether it is for good or for bad . Then after a few days, a war broke out with a very vast country with whom there was little chance of winning. All the young men were summoned in the army but the villagers son got exempted because of his broken leg. The villagers again congregated and told him how lucky he was. Their sons were going to sure deaths but at least in his case, his son would be in front of him and could even get permanently all right. The old man again said, Just say that your sons are going and mine is not. Whether it is for good or bad, time alone will tell.
One of my bosses also told me that it was a good thing that he couldnt get into the medical profession and got into Engineering though he deeply regretted it at that time. He again missed the bus in IAS but felt better doing MBA later because post liberalization, IAS is not exactly sought after. Then he did not get a job in a good multinational but had to join a smaller company. It proved to be a boon in disguise because he got all round exposure( a big fish in a small pond) rather than a specialized job( a small fish in a big pond) which improved his long term prospects tremendously apart from flowering of his entrepreneurial talent which could have got stifled in a multinational bureaucracy where non access to the top management would have reduced him to a cog in the wheel.
My own experiences also corroborate all this. One can apply it to the stock market too. We wait for filters or closing above a certain level to gauge whether or not there is a genuine breakout. We have to constantly monitor whether the trend of range will sustain. Of course, we have past behavior and weekly charts to judge better. The difference is that breakouts maybe good for some bad for some depending upon positions.