Optimism vs. Pessimism

Many people say I am a pessimist, they categorize me as one of the doomsayers and always add a negative point of view when it comes to analyzing a situation..ex. when someone told me so and so still didn't have worries about their job security, I said let's check again 3 months later whether they're still doing fine; when two persons formed an awkward relationship I questioned how long would it last; when an event or a project is running smoothly I'd like to question what if it fails. I admit that I am a bit pessimistic on certain things, but aren't we supposed to possess some skepticism and not to believe that we live in the best of all possible worlds? 

When someone who is fresh in the industry and able to land with a 2mn package, we can smell that's the peak of the cycle. When money comes so easily and a junior banker can buy three properties with last year's bonus, you know that the market is overheated. When you feel like you need to chase after the market rally you should know this is a selling signal. Does being a contraian mean pessimism? I thought this is called precaution. 

There are three phases that I heard most often recently..: "it will get worse better it gets better!"; "don't catch a falling knife!"; "the share price is falling, it is telling you something!!" It doesn't seem like the rest of the world is echoing the anxiety exists in finance. Even the local property market starts to pick up some transaction volume after hitting all time low a few months ago. Seems like people are still feeling sanguine about the tsunami that's heading towards us? I really don't know how much worse can it gets but the market doens't seem to have fully digested the negativities yet.

However I do think there're opportunities emerging..... stocks trading at deep discount we can start to bottom fish for quality companies to invest in; property prices will continue to slide but fixed asset in hk will still be an important asset class to hedge against usd depreciation; although there're tones of warehouse sale flyers I think we should wait for the deeper discount of the current season fashion. Hopefully next year is the time we can turn to be more optimistic and come up with a better strategy to deploy our cash.

We all need a cheer up from the down market. 2001 Lynch and Bagel - my favorite bottle of wine, not an everyday indulgence though.

BB chu LOVES to eat... he will open his mouth wheneve he sees food.. That's very courageous of him to try new things and his tolerance level is getting higher and higher. That's him chowing down the black seasame dessert.
Countryled - my new favorite at TM. the picture doesn't do him justice he is actually a really big horse.