They say “Good things come to those who wait”. Whoever ‘they’
are, surely, should be knowledgeable since ‘their’ knowledge has been
promulgated throughout society and the minds of little children. What are some
of the things you’ve waited for in your lifetime – and I’m literally referring only
to things you had to just wait for, without much action on your part? Things
beyond your control – perhaps waiting for your mother to finish cooking dinner?
Waiting for the train to come?
What made you so sure dinner would ever be done? How did you
know the train was coming? There must’ve been a degree of certainty to ensure
that you would eventually receive these abovementioned ‘good things’. A
twilight zone formed between the probability of encountering the train and some
sort of faith formed by trusting your mother or, at a more complex level,
trusting the train’s routine as you’ve come to observe its dependability.
Through
this twilight zone you came to wait, either by force or by faith.
So, what do you do when confronted with situations where you
could – readily – walk away from the
wait entirely? Naturally, you wouldn’t receive the ‘good thing’ that the wise
old ‘they’ have extolled through proverbs. However, in this particular
situation, there is very little gauge of probability and there is virtually no
observation of dependability through pattern formations – essentially there is
a very high level of uncertainty.
Let’s put the question to the floor- any
takers?
Some wise old soul would bring up the principle of the rational investor : risk versus reward, taking up the investment where there is the
least risk for the most reward. Naturally, there seem to be quite high risks as
there isn’t much data available for the calculation of the probable outcome.
But, in life, how can we measure ‘reward’ ? Is it how badly
you want the ‘good thing’ or is it the value of the ‘good thing’ itself? Our
wants may override the value of the reward in itself – where a burning need for
a toffee may elevate the worth of a 50cent sweet exponentially. Such is human
nature; to offset numerical values with
emotional or intuitive interventions.
Waiting for me to get to the point, already?
I have no point, other than to ask you, would you wait for
something even though you had no idea whether or not your investment would
yield sufficient return for time spent waiting with escalating opportunity
costs?
I also think that, even if the investment does yield some
kind of return, would we not begin to resent the yield if it does not live up
the costs incurred to obtain it? Waiting could also, itself, be detrimental as
it may build unrealistic expectations.
Just throwing a few thoughts out there. Curious.
