Many years ago a rancher wanted me to start a young horse, and then he wanted it sold. One day as I was working with this horse, Eunice asked me what its name was. I said, \u201cHe doesn\u2019t have a name, but we will only have him for a short time so he doesn\u2019t need one.\u201d\u00a0 <\/p>\n
Eunice disagreed and said, \u201cWe have to call him something.\u201d Now that seemed like a strange name, but what Eunice wants, she gets.\u00a0So I named him \u201cSomething.\u201d\u00a0<\/p>\n
After a month or two we sold the horse. The buyer didn\u2019t like the name Eunice gave it so he renamed him Blaze.\u00a0About four years later Eunice went with the vet to worm some horses and there was this horse and his name was back to being \u201cSomething.\u201d<\/p>\n
I bring this story up because when we give a name to a thing it seems to stick.\u00a0Right now we have things going on that can be named a problem or an opportunity. Whatever we call it first will have the biggest influence on us.\u00a0Corn may go to $8.00 or not.\u00a0If we feel that is a problem, even if it only goes to $5.00 it will be a problem because that is the name we put on it.\u00a0Or we can call it an opportunity. Then, even if it goes to $10.00, we will be all right.\u00a0The prices of things go up and down.\u00a0Treat them as opportunities. Use good money management and be sensible on your business decisions, and everything will be all right.\u00a0\u00a0<\/p>\n
During the 1930 to 1950 years my father bought and paid for a farm. During this time, many people were losing their farms. Before I was 10-years old, I had learned good money management including how to prepare for and handle risk.<\/p>\n
Prices going up is \u201cOpportunity,\u201d and prices going down is \u201cOpportunity.\u201d\u00a0Or we can name them \u201cProblem,\u201d and that is probably what they will be.<\/p>\n
During the \u201cDot.com\u201d boom to bust, some people made millions. Some people lost a lot of money.\u00a0Most of the money that was lost was by people who had no business having money in it.\u00a0They were there trying to make a lot of money on something they knew very little about.\u00a0<\/p>\n
We have a world market now, and many thing influence prices.\u00a0Work with what you know. Risk is very little in things you know about. As my father said, \u201cRisk the same amount as the knowledge you have about it.\u201d\u00a0If you know very little, risk very little.\u201d If we pay attention to these things, high prices, low prices, or anything in between will not hurt us much. In fact, if we put the right name on it, we come out way ahead.\u00a0<\/p>\n
\u201cOpportunity\u201d is a name, like \u201cSomething.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Many years ago a rancher wanted me to start a young horse, and then he wanted it sold. One day as I was working with this horse, Eunice asked me what its name was. I said, \u201cHe doesn\u2019t have a name, but we will only have him for a short time so he doesn\u2019t need […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-468","post","type-post","status-publish","format-standard","hentry","category-buds-musings"],"_links":{"self":[{"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/posts\/468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/stockmanship.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=468"}],"version-history":[{"count":2,"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/posts\/468\/revisions"}],"predecessor-version":[{"id":2904,"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/posts\/468\/revisions\/2904"}],"wp:attachment":[{"href":"https:\/\/stockmanship.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockmanship.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockmanship.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}