‘Be like water’–Bruce Lee (The Financial Athlete #7)

“Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot it becomes the teapot. Now, water can flow or it can crash. Be water, my friend.”
–Bruce Lee

In sports to ‘be like water’ is to be a finesse player. Supreme examples today are Kobe Bryant for basketball and Roger Federer for tennis.

How can an investor be like water?

First, don’t be obsessed with being right or wrong. All cannot be known. All cannot be controlled. When your original investment thesis falls apart — flow like water — sell and move on another investment. Better to take your losses than remain stuck in the quicksand of a dead asset. When you scrutinize a great investment opportunity — crash like water — invest!

At the end of one’s life the biggest regrets are often not what was done but what was not done. Sometimes, dare to break your tried-and-true investment rules, but never to an extreme. This presupposes you have them. You should.

“Be like water making its way through cracks. Do not be assertive, but adjust to the object, and you shall find a way round or through it. If nothing within you stays rigid, outward things will disclose themselves.”
–Bruce Lee


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2 Responses to “‘Be like water’–Bruce Lee (The Financial Athlete #7)”

  1. The all around athlete (The Financial Athlete #110) « Pasta Man Vibration Says:

    […] For more on Financial Flexibility, review ‘Be like Water’. […]

  2. Principles of Joseph Pilates (The Financial Athlete #130) « Pasta Man Vibration Says:

    […] #25 and “The Yin and Yang of Pitching” #22 and Beyond the Bottom Line #126 and “Be like Water” […]

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