Count On It

Is there another perspective that may assist investors in waiting for value to be recognized?

Here are three historical stories of perseverance in the face of adversity. They all demonstrate unrecognized value and a vision that was not apparent to those around them at the time.

Abraham Lincoln essentially failed as a businessman. As a lawyer, he was viewed as too temperamental to find real success. He then turned to politics and was defeated in his first attempt for the legislature, defeated in his first attempt to be nominated for congress, defeated for Commissioner of the Land Office, defeated in the senatorial election of 1854, defeated in his efforts for the vice-presidency in 1856 and defeated for senatorial duties in 1858. He later became the 16th President and saved the Union. 

Albert Einstein did not speak until he was four years old and did not read until he was seven. His parents thought he was sub-normal. One of his teachers described him as “mentally slow, unsociable, and adrift forever in foolish dreams.” Later, he was expelled from school and was refused admittance to another. He did learn to speak and read, including a little math, like E=mc^2.” Our understanding of the universe has never been the same since.

Thomas Edison’s teachers said he was “too stupid to learn anything.” He was fired from his first two jobs for being unproductive. As an inventor, Edison made 1,000 unsuccessful attempts at inventing the light bulb. When a reporter asked, “How did it feel to fail 1,000 times?” Edison replied, “I didn’t fail 1,000 times. The light bulb was an invention with 1,000 steps.” Where would we be today without light? 

Ignored, Overlooked & Forgotton

What is the lesson and perspective in the face of these historical adversities?

They all did not give up, give in or go away. They had something of real value to offer in spite of being ignored, overlooked and forgotten. To them, outside opinions did not count and failure of their future personal vision was not an option.

Gold and Silver are unrecognized values. The importance of these investments is not apparent to those around you but that condition will not last forever. 

It’s simply a matter of time, patience and perseverance.

Count on it!

Trader Garrett

Related: Patience, Persistence & Perseverance - Click here

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