Although it is unlikely that this post contains enough controversial information to make its way through the dark halls of the NSA and to the White House, it would be of value to the president should he have the opportunity to read it. It would require him to put on his “Big Boy” pants and evaluate a view that is radical – in its divergence from the one which forms his ideology. That, in itself, is probably too much to ask.
In life we all make choices. Some of those we make have good consequences – others not so much. It is only the stubborn and arrogant who, having made a poor choice, continue to insist that theirs was the correct one, the evidence notwithstanding. Sadly, Obama has, to this point, followed that path – not only to the detriment of his approval rating but, far more importantly, to the detriment of the country.
Let’s take a lesson from the real world of stock trading – a galaxy away from the not so real world of Washington, D. C.
There are a number of rules of trading which have become rules because those who are engaged in the activity realize that they are correct and work far more often than they fail. Successful traders observe those rules because they realize that doing so helps them achieve their goal – which is to earn a living. Failure to observe these rules has its consequences – usually involving finding a new line of endeavor.
The first rule of trading is quite simple. “Never add to a losing trade.” Here’s a simple example.
A trader buys XYZ stock at $50 a share. Within minutes the stock declines to $49.50. At this point that trader has only three options. He may do nothing and maintain the position hoping the stock will recover; he may sell it and accept the loss; or he may add to the position and double down on his position. Although most non-professionals would adopt either options one or three, the professional would most likely take the second option, accept the loss and move on, looking for a better trade. Here’s the rationale behind all three choices.
Doing nothing is essentially a denial of having entered into a bad trade. Clearly, when the trader bought XYZ stock at $50 he did so for one reason. He thought the stock price would increase from his purchase price – otherwise there would be no reason to initiate the trade. Doing nothing is simply ignoring the reality that he was wrong in his assessment.
Selling the stock at a loss, while painful, is the correct choice because it recognizes some very basic facts. The trader bought the stock with the expectation of a rise in its price – but he was wrong. Admitting that you’re wrong – and limiting the amount of that mistake is the correct response. We all make mistakes. It is acknowledging that we have made a mistake and learning from that so we don’t repeat it, that makes the trader successful.
The third option, purchasing additional stock is the worst of the three because it not only ignores the reality that the trader was wrong in his initial decision but that pure hubris causes him to deny that fact. Unfortunately, ego has caused the demise of more traders than bad decisions.
Now this simple example from the real world will undoubtedly be lost on the president for the simple reason that he has never held a job in the real world. Despite the repudiation of Obama’s policies which was a message by those of us who took the trouble to voice our opinion on November 4th delivered, the president prefers to focus on those non-voters who didn’t bother to show up as a “silent” endorsement of his six years in office. That’s like saying that because no one mentions anything to the person with a dreadful case of bad breath because they don’t want to offend him, that halitosis is a condition to which we all should aspire.
This president has seldom shown an interest in how the American people feel about any issue. Obamacare has never enjoyed a majority positive view and is now at its lowest level of support since the law was passed; Americans in a vast majority view the country as moving in the wrong direction; the president’s own approval rating hovers at the lowest levels of his presidency. To these fact the president, like the six year old who is determined to have his own way despite his parents’ admonishment, turns a deaf ear to these facts. Hubris reigns supreme in the White House.
If it were simply a small man’s refusal to see the light it would be one thing. Sadly, this president, by virtue of his office, is the most powerful man on earth. And while he doubles down on his own failed policies and refusal to find common ground with those whose responsibility is to provide an alternate view, it is not only those in America but people and nations around the world who will be his victims.
I guess if I really wanted the president to read this I should just print it out, pack my bags and plan a trip to Washington to deliver it in person. I understand that getting into the White House isn’t all that difficult.