Back in December last year the financial frauds started hitting the headlines. The meltdown was underway. This is what JV wrote at the time:
Another massive fraud has hit the headlines. A fraud perpetrated by one of the most respected, influential and wealthy financiers of the Western world. A man respected and trusted, looked up to, by the 'smart' people, the people in the know, the investors, the fundholders, the great and good and millions of less 'exquisite' souls whose money had been invested on their behalf. People whose pension funds have gone down the drain, whose investments have gone up in smoke.
Imagine the social milieu in which this fraudster operated. Imagine the respect in which he was held, the trust which so-called 'brainy' and privileged people had invested in him. The lesson must be that there is no-one 'in the know', no-one so smart that they cannot get involved in fraud or be defrauded themselves. The lesson must be that you are on your own. March to your own drummer. Build your own assets. No-one can do it for you.
Robert Kiyosaki stresses the importance of financial literacy - knowing how to read a financial statement. Knowing how to read the financial books of companies and businesses. It's a timely lesson. Back to the drawing-board. Back to the studyroom. Back to your books.
Anthony Robbins advises us to model ourselves on the high achievers, to understand how they got to where they got to, to understand how they did it, how they 'tick', how they get up in the morning, how they operate how they make plans, how they have strategies, how they formulate their choices, how they metabolise, how they think, how they play, how they work and how they relax. But if some of these mighty models are falling down so fast and from so great a height, as is occurring today, then why should we model ourselves on anyone?
Model yourself on yourself. That's the lesson. The way the cards are falling you could well look like the wisest and smartest one in the pack. Everything to play for. It's biblical. 'The first shall be last and the last shall be first.' It's Dickensian, Shakespearian. It's rise and fall. It's cyclical. It's winter following spring and summer.