They've built-in illiquidity as a feature, not a bug. Those are sort of reforms the regulators should be prioritising to deepen participation and facilitate true price discovery.
https://t.co/fOYaTDMRUr
Nigerian investors, look more at volume than just price
I have a stock I won't name, bought via IPO, up in price, on offer, no buyers
What shall it profit an investor to gain capital appreciation if they can't sell
As far as humans go, I try to observe as much as possible. And I do so like an unbothered witness. I’m not trying to be the judge or jury. I trust that every human being is pursuing their own human experience, as wrongly, as rightly, as genuinely, as falsely as they can. I don’t offer them validity, or understanding. How much can I understand anyways?
What I can do is to recognize their humanity—including its struggles, beauties and inequities—and offer the grace of this recognition by throwing a dispassionate nod in the general direction of others, as someone who is similarly experiencing life, including its struggles, beauties, inequities, in however different a shade. This is all a dance.
The strategy required to find a great opportunity (lots of saying yes and exploring widely) is different from the strategy required to make the most of a great opportunity (lots of saying no and remaining focused).
There may be explanations for your actions or justifications for your choices but they will not shield you from consequences. It is arrogant to think that explanations eliminate consequences, and naive to assume that just because a consequence is not immediate, it’s non-existent.
If you have someone who also admits when they are wrong, reciprocates whatever you do, and shows gratitude for the little things you do.
You have won in life. Again, you'd think it's mainstream.
People see the decisions you made, not the choices you had. If you honestly did the best you could with what you had, it’s okay. Please forgive yourself. Everyone doesn’t have to understand the parts you cannot put in words. But tell yourself the truth and tell it often.
Oh it is completely solvable.
It’s not stupidity—qua stupidity—in the sense that people cannot be rejigged. It just would take a long time. But on the other hand, to say education is all we need, is an oversimplication. What I think is this:
It will take a systemic remodeling of the way we think about collective, societal success. Which begs the question: how do we think of society? My answer is, poorly. Our standards of excellence, accountability, professionalism, forward-looking ideation are in tatters. This is partly driven by our cultures and that’s why I say our problems are culturally sanctioned ( our cultural practices focus on hierarchy, status and seniority over expertise, meritocracy and competence. This is not sustainable and they’re outdated; modern societies had to move away from these).
What will it take? We can look at societies that have done it, heterogeneous societies preferably. We need a radical mindset shift towards social development and collectivism (which will be driven by a critical mass of the population reaching that decisive acceptance that we MUST do it for our collective good else we will continue to suffer with generations unborn—this is where elites and intellectuals are essential and they have historically heen the forerunners of this phase across several societies). This has to be approached culturally and institutionally. Again, cultures do not promote intellectualism (and by this I mean independent thinking, high agency and excellence at a competitive level). It may celebrate it, it doesn’t mean it promotes it. Cultural revamping will involve the cross-pollination of useful practices from other cultures into the ordinary ways of the people (which is basically the definition of culture anyway). Someone had to stop the killing of twins afterall. We need to revisit the nuanced aspects of culture that promote vices such as fraud, low-trust and mediocrity in our society. The people have their roles cut out for them here. Up to us if we want to take it seriously or continue jumping from one trendy social activity to the other while complaining of a ‘broken society’ from the side of our mouth.
Institutionally, we need a deliberate and intense (almost forceful) advancement of educational standards from bottom to the top (cases in point, America & Singapore). There is a level of seriousness that will be placed on education both formally and informally (driven by the govt through reforms and substantiated by qualitative public discourses) that will completely shift youthful focus/energy towards conscious, deliberate learning. Case in point is easily Vietnam, Singapore, UAE and China.
Still institutionally, and more particularly on the governmental level,we will need supportive policies that control the primary forces of economic and social growth. Labor conditions and the markets have to be sanitized, maximization of local resources to redirect wasteful energy into productivity—those who produce have skin in the game and more incentivized to act right. Law making, enforcement of sanctions on critical legal reforms.
All the forces have to be in place, incrementally at some point but certainly all have to work for us to finally ‘have’ a society that is functioning optimally. We’re far from being there. We’re not serious yet.
Yet they had the mind to levy a 70% windfall tax on banks for earning "extraordinary gains" from FX fluctuations and increase the ways and means advances from the CBN from 5 - 10% without regards for existing debt levels. Sadly, there'll be nothing to show for it.
Grifters!
Jump into the colder pool. Walk instead of drive. Pick up the book instead of your phone. Take responsibility instead of hoping it goes unnoticed. In matters big and small, courage is choosing the more difficult option.
Too often, we sacrifice today for tomorrow, and when tomorrow comes, we do it again. One day, there is no more tomorrow, and all that effort becomes someone else's gain. What a shame.
Today is all you’ve got. 150,000 people die worldwide each day, and it’s arrogant to think you'll live past the next 24 hours. Why bet everything on an uncertain tomorrow? Today is all you have. Use it. Live it.
My parents’ deaths robbed me of the illusion that we all will live to a good old age. I lost that at 18. But it also freed me to live a rich life because I have confronted my mortality.
Live every day as though it may be your last. Tell people you love them. Do your best work each day. Forgive any wrongs by nightfall. Strive to owe no one. Pray. Live without fear. Take calculated risks. Write down your thoughts to bless those who read them. Enjoy people. Enjoy nature. Enjoy. Apologize to those you offend. Take no offense. Fight passionately. Love passionately. Pay attention. Seize opportunities. Go to bed exhausted because you “leave it all on the field.” Prepare a bit for tomorrow, just in case it comes. Focus on today’s challenges and let tomorrow take care of itself.
"Envy is inversely correlated with self-examination. The less you know yourself, the more you look to others to get an idea of your worth." @moretothat