As some readers may have deduced, I’m a fan of military history.
When you read the historical accounts of famous battles, you’ll find military commanders withholding their reserves and committing them only at right moment of the battle.
The reason you don’t commit your forces all at once (show hand) is so you can deal with the fluidity of the battle and react if there’s a breakout or counter-attack from the enemy.
Unless of course you are a military genius who can predict your opponent’s moves – always one step in advance.
Now look at your portfolio.
Have your fully committed all your forces?
If yes, that means you are fully exposed to the vagaries of the market. Can only hope and pray the battle outcome is in your favour.
Or you have high conviction in your thesis (or plans, or goal settings).
If no, then you can react accordingly – depending whether the market goes up or down (crash got sound).
You don’t forecast what the market will do; you just bend with the wind.
I’m only a Lance-corporal (ikan-bilis) during my National Service. So take what I say with a pound of salt. I am no officer.
Although during my reservist in-camp trainings, my army mates always scold me for frightening them as from afar, I look like officer from the way I walk and carry myself.
Some active new birds even salute me.
Life is funny. Got work that time, always hated reservist for the disruptions. Now nothing to do, don’t mind going back to camp for 1-2 weeks of “staycation”!?
And that’s the irony of life. Nothing has changed. Only our thinking.
Singapore Man of Leisure (welcome to my blog; just google it!)