Worry is interest paid on trouble before it becomes due
- William Ralph Inge
5 Reasons For A Guide
The picture above is of Castle Valley - just outside of Moab, Utah. The Fisher Towers are in the foreground and the La Sal Mountains in the background. As a college student I worked summers as a river guide in this incredibly beautiful but barren wilderness - guiding trips along the Colorado River.
I loved this job - and though more difficult and less glamorous than my friends thought, I learned some life lessons from the experience. Among those lessons were the respect of nature's power - and the recognition that my job was to safely navigate, whatever the conditions. I learned that I had no control over the river - how ferocious or benign its temperament given variables of weather, canyon or water levels.
As an investor you probably have had to navigate some difficult waters in the last 15 years. Hopefully, you had an experienced, confident hand - not abject fear during the storms. The future holds both storms and blue skies - impossible to tell exactly when the water will be difficult to pass. Here's 5 ways a skilled guide can help:
1) A guide knows the safest way
A good guide knows by experience where the pitfalls lie. He will not lead you into unknown risks. He will know the best way - regardless of how rough the waters that lie ahead.
2) A guide knows what risks are prudent
No need to take unnecessary risks. However, it is prudent that some risks are taken in order to make it to your destination. Just what risks it makes sense to take and knowing risks to avoid can make a huge difference.
3) A guide has taken others here before
If your guide has experience in rough water, he or she will know what has worked in the past with others during the difficult times. Knowing this is not their first rodeo will help you have confidence in your guide - ultimately helping you get through also...
4) A guide can keep you calm in crisis
Most of the big mistakes which ruin peoples fortunes are due to making emotional decisions as opposed to objective ones. A good guide has been through fierce storms before and can help you to be calm and make wise decisions when thing looks their bleakest.
5) Your guide has a vested interest
A good guide isn't selling you a river trip and bidding you bon voyage - he's on the trip with you. He wants you to be successful because his success is tied to yours.