I recently realized a childhood dream, I went surfing. While on vacation in Maui, I took a lesson with my daughter on her 15th birthday. It was great fun! As I have thought about that experience, I have looked at surfing as an analogy for operating in this (or any) economy. Think about it…
- Waves, like economic cycles are always different and they are constantly moving and changing
- If you don’t catch the wave at the right time, the experience is very different than if you do
- If you don’t bail out in time, you might crash into the rocks or the shallows
- Even the experts wipe out
- No matter how good the wave, the ride never lasts forever
- And, after the ride, hindsight is always 20/20 as to what you should have done different
I thought of more, but I’ll stop there. If you get to West Maui and want to enjoy a fun surfing lesson, go to Goofy Foot Surf School and ask for Mack.
Good analogy Fred. Peaks and troughs and how to deal/adapt your position to where you are on the wave – or market cycle.
Thanks for your solid advice in your blog. I enjoy it.
Bob Swain
Senior Vice President
NAI Puget Sound Properties
Bellevue, WA
Hi Fred, Great analogy!
I hope you get to surf again soon.
Suzi