One of my guiding principles

[] I think this is actually really important [View in browser]( [View in browser]( [] OCTOBER 23, 2024 [] [] Hey y’all, I hope this is going to be a light-hearted post, but I think it points at something really deep and important that people should keep in mind day-to-day. Now, I know to many folks I’m still very young, but as I’ve gotten a little older and gained more experience in life, I’ve learned one thing very clearly, and it’s actually one of my guiding principles in life: No one… on earth… has any idea what they’re doing… No, seriously… I mean it… Nobody out there anywhere really has any clue what they are doing at any time… That goes for everybody from the mailperson driving down your street to the President in the White House to Elon Musk to President Xi and everyone in between! I really don’t think anybody has any clue what’s going on most of the time… There’s way too much going on in the world. Every human being has an impossible amount of information to process, an impossible number of options to consider, and we only get to go down one path at a time. We’re all figuring it out as we go a little bit. And I think that should give us all a little more grace, a little more patience, and a lot more calm about our own day-to-day lives. But I think it also holds a key message for investors that I’ll talk about here in a minute… [] [] Are You Ready for the Nuclear Investing BOOM? [Tap HERE to join leading energy expert Geof Smith to learn how he’ll play the nuclear golden age]( [] [] Ok, so, obviously I’m being a bit hyperbolic when I say no one has any idea what they’re doing. Obviously, Elon Musk is a genius, however eccentric, and President Xi is a shrewd and cutthroat political manipulator. I’m sure your mailman is a great mailman. But my broader point is this: if you’re anything like me, you tend to think that everybody else has got it all figured out while you’re left with questions, doubts, and uncertainties. And you certainly think this about, say, the CEOs of Fortune 500 companies, right? These men and women are the best and brightest people in the world, extremely successful and in total control of every move they make, right? Nope. Not a chance. Take as an example this tweet about Starbucks’s latest video from new CEO Brian Niccol: [] Now, if I’d told you in a vacuum about the Starbucks CEO and a former McKinsey partner, McKinsey being one of the most legendary consulting firms in the world, you’d probably think these were two brilliant guys who had everything figured out. Wrong again. At least one of them must be completely wrong, because they’re now apparently going head to head with opposite policies. In reality, the answer probably lies somewhere in between. Or look at Boeing’s (BA) earnings today. They got hammered, and the company is in the midst of a very serious identity crisis, barreling towards a strike, and hemorrhaging money left and right. This one hits a little closer to home because, as a St. Louis company, Boeing has been a fixture in my world for a long time, and some of my good friends are facing the threats of furloughs and potential layoffs because of their mismanagement. So if you thought the people who run one of the biggest airplane manufacturers and defense companies in the world must have it all figured out… well, nope… wrong again… And their new CEO is admitting as much: “This is a big ship that will take some time to turn, but when it does, it has the capacity to be great again.” (By the way, with airplanes, maybe it’s a little less light-hearted that these folks don’t have it figured out. I can’t be the only one that prefers to see an AirBus when I have to fly)... Now, my point isn’t to beat up on the CEO of SBUX, or BA, or really any other bigwig or powerful person out there. My point is to challenge the idea that big wigs and powerful people should be thought leaders, role models, or people we trust absolutely to make good decisions. And it’s not because there’s some vast, conspiratorial cabal of the ultra-elite who want to hold us down and make life harder on us — I don’t think that’s true. I always trust the law called Hanlon’s Razor: “Never attribute to malice that which is adequately explained by stupidity.” In other words, don’t assume the world is out to get you. Just assume that the other people around you, much like you, don’t have it all figured out. And, to put a bow on this long rant, I want to remind you that this plays a BIG role in investing. We need to remember that companies are more than an individual. People look at leaders like Nvidia’s Jensen Huang or the late Steve Jobs at Apple and think that these men are geniuses guiding their company through a golden age. And there’s some truth to that. But the companies will survive when these men move on. The stocks will still trade. And people will still make mistakes. We as traders need to remember that it’s an irrational world, and do our best to make some sense of it. But if you struggle at times, be kind to yourself. Because, and I’ll just speak for myself here, I don’t have any idea what I’m doing a lot of the time, either. :) To your prosperity, Stephen Ground Editor-in-Chief, ProsperityPub [] [] OCTOBER 23, 2024 [] [] Hey y’all, I hope this is going to be a light-hearted post, but I think it points at something really deep and important that people should keep in mind day-to-day. Now, I know to many folks I’m still very young, but as I’ve gotten a little older and gained more experience in life, I’ve learned one thing very clearly, and it’s actually one of my guiding principles in life: No one… on earth… has any idea what they’re doing… No, seriously… I mean it… Nobody out there anywhere really has any clue what they are doing at any time… That goes for everybody from the mailperson driving down your street to the President in the White House to Elon Musk to President Xi and everyone in between! I really don’t think anybody has any clue what’s going on most of the time… There’s way too much going on in the world. Every human being has an impossible amount of information to process, an impossible number of options to consider, and we only get to go down one path at a time. We’re all figuring it out as we go a little bit. And I think that should give us all a little more grace, a little more patience, and a lot more calm about our own day-to-day lives. But I think it also holds a key message for investors that I’ll talk about here in a minute… [] [] Are You Ready for the Nuclear Investing BOOM? [Tap HERE to join leading energy expert Geof Smith to learn how he’ll play the nuclear golden age]( [] [] Ok, so, obviously I’m being a bit hyperbolic when I say no one has any idea what they’re doing. Obviously, Elon Musk is a genius, however eccentric, and President Xi is a shrewd and cutthroat political manipulator. I’m sure your mailman is a great mailman. But my broader point is this: if you’re anything like me, you tend to think that everybody else has got it all figured out while you’re left with questions, doubts, and uncertainties. And you certainly think this about, say, the CEOs of Fortune 500 companies, right? These men and women are the best and brightest people in the world, extremely successful and in total control of every move they make, right? Nope. Not a chance. Take as an example this tweet about Starbucks’s latest video from new CEO Brian Niccol: [] Now, if I’d told you in a vacuum about the Starbucks CEO and a former McKinsey partner, McKinsey being one of the most legendary consulting firms in the world, you’d probably think these were two brilliant guys who had everything figured out. Wrong again. At least one of them must be completely wrong, because they’re now apparently going head to head with opposite policies. In reality, the answer probably lies somewhere in between. Or look at Boeing’s (BA) earnings today. They got hammered, and the company is in the midst of a very serious identity crisis, barreling towards a strike, and hemorrhaging money left and right. This one hits a little closer to home because, as a St. Louis company, Boeing has been a fixture in my world for a long time, and some of my good friends are facing the threats of furloughs and potential layoffs because of their mismanagement. So if you thought the people who run one of the biggest airplane manufacturers and defense companies in the world must have it all figured out… well, nope… wrong again… And their new CEO is admitting as much: “This is a big ship that will take some time to turn, but when it does, it has the capacity to be great again.” (By the way, with airplanes, maybe it’s a little less light-hearted that these folks don’t have it figured out. I can’t be the only one that prefers to see an AirBus when I have to fly)... Now, my point isn’t to beat up on the CEO of SBUX, or BA, or really any other bigwig or powerful person out there. My point is to challenge the idea that big wigs and powerful people should be thought leaders, role models, or people we trust absolutely to make good decisions. And it’s not because there’s some vast, conspiratorial cabal of the ultra-elite who want to hold us down and make life harder on us — I don’t think that’s true. I always trust the law called Hanlon’s Razor: “Never attribute to malice that which is adequately explained by stupidity.” In other words, don’t assume the world is out to get you. Just assume that the other people around you, much like you, don’t have it all figured out. And, to put a bow on this long rant, I want to remind you that this plays a BIG role in investing. We need to remember that companies are more than an individual. People look at leaders like Nvidia’s Jensen Huang or the late Steve Jobs at Apple and think that these men are geniuses guiding their company through a golden age. And there’s some truth to that. But the companies will survive when these men move on. The stocks will still trade. And people will still make mistakes. We as traders need to remember that it’s an irrational world, and do our best to make some sense of it. But if you struggle at times, be kind to yourself. Because, and I’ll just speak for myself here, I don’t have any idea what I’m doing a lot of the time, either. :) To your prosperity, Stephen Ground Editor-in-Chief, ProsperityPub [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](