Just Wait, MateSubmitted by Farrall Wealth on April 12th, 2017
Recently I was reminded of a life lesson I learned while studying in Australia. Twenty some years ago, I was fortunate enough to have a year left on my athletic scholarship. Because I was done with my eligibility my plan B was if I could not extend my football career professionally I would study International Business abroad. I had a number of options available but finally settled on the University of Wollongong south of Sydney Australia. It was an amazing place and incredible country.
While at breakfast ("Breaky" as they called it) I noticed a number of students coming in from the ocean having already surfed early in the morning. I befriended many of them and decided that this farm boy from Ohio was going to learn how to surf. When in Rome, right?
Not being a small guy I was advised to get the biggest board possible. Mine looked like a Cadillac. It was enormous. The sight of me walking on the beach with a board as big as a house must have been hilarious. My thinking about this endeavor was to have no ego, to soak up as much knowledge as possible, to learn how to surf and to not get eaten by a Great White. Not in particularly that order of course.
After a few dry land practices my first trip out to the ocean was a complete failure. I was over the top excited. Way too excited in fact. Impatient and short tempered I was ruining the experience. While waiting for a wave, one of my new friends, Nigel, born and raised near Melbourne, asked me to simply calm down. You are too hard on yourself. He explained that I was taking every wave, working way too hard. Wait and be picky. Choose the best wave for your level of experience. Do not go for the biggest wave, try the smaller ones to get better. You can ride the bigger ones later.
"Just wait, Mate."
I have taken this lesson throughout my life. I am thankful for this lesson for a number of reasons. The businesses I have launched, the children I have had and even the wife I was lucky enough to have chosen me, have all resulted in waiting a little.
Sometimes in life and especially in investing, it is always just better to wait. Be picky. You do not have to invest in everything that comes along. Find the wave that is best for you, your level of experience and learn to ride it. When you are ready, ride the wave for as long as you can then circle back and do it again.
And one last thing...do not forget about the whole shark eating thing. Stay away from those guys.