Tuesday, August 21, 2007

Personal Development: My Wrong Prediction!


Earlier this year, I predicted there would be a crash in the stock market during May to July during my Annual Prediction Seminar. I was wrong. The crash comes in August!

My estimation is that there should be a crash during middle of the year, so I said 5/07 - 7/07. I thought that this is pretty safe to predict like this. I sold all my stock in early May. I earned less but I suffered zero loss and worry!

This demonstrates 2 things:

1. Nobody can predict the future!

2. There is nothing called "safe" about the future. There are always risks. We can calculate the risks but we can never predict them accurately. This doesn't mean that we should do nothing. We do our best in estimating and then we go ahead.

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