"Before the beginning of brilliance, there must be great chaos. Before a brilliant person begins something great, they must look foolish in the crowd." -- From the I Ching, traditionally viewed as written by Fu Hsi (circa 3000 BC)
As the stock market ends a challenging week and I begin a new weekly series of posts titled, "Weekend Wisdom," I thought it appropriate to offer some sound philosophy to mark this "beginning of brilliance..."
This week's buying opportunity, as with the previous buying opportunity on February 27, we learned that "looking foolish in the crowd" is absolutely necessary in the grand scheme of financial philosophy...
Fu Hsi arguably marked the beginning of what we now call "philosophy" approximately 5,000 years ago. Here are some quick facts about Fu Hsi:
- He was the first of the mythical "Three Sovereigns" of ancient China, of the San Huang Dynasty;
- the father of the Chinese Tai Chi Philosophy of yin and yang and thus the I Ching;
- and is reputed to be the inventor of writing, or the Chinese "written script" with the origination of "trigrams" or "knotted records," similar to what we now call calligraphy.
As with all of my posts, my new "Weekend Wisdom," will place a spotlight on wisdom that has been known for years, if not centuries or even millenniums, but regretfully not commonly applied. As is the case with human nature, we may be destined to make the same mistakes with every new generation but, as humans, we also have the power and capacity to look to the generations before us and learn from their mistakes and apply the wisdom of the ages for our own benefit -- what I call the leverage of wisdom...
TFPAuthor, Kent Thune, is the President and Owner of Atlantic Capital Investments, LLC (ACI), a fee-only, registered investment adviser based in Mount Pleasant, SC, near Charleston. ACI specializes in retirement, investments, and financial planning.
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