This story is of a woman who bought a parrot to keep her company, but went on to return it the next day.
“This bird doesn’t talk, “she told the owner.
” Does he have a mirror in his cage?” the shop owner asked. “Parrots love mirrors. They see their reflection and start a conversation.”
The woman bought a mirror and left. The next day she returned; the bird still wasn’t talking.
“How about a ladder? Parrots love ladders. The happy parrot is a talkative parrot.”
The woman bought a ladder and left. But the next day, she was back to the shop owner.
“Does your parrot have a swing? No? Well, that’s the problem. Once he starts swinging, he’ll talk up a storm.”
The woman reluctantly bought a swing and left. When she walked into the store the next day, her face had changed.
“The parrot died,” she said.
The pet store owner was shocked.
“I’m so sorry. Tell me, did he ever say anything? “he asked.
“Yes, right before it died,” the woman replied.
“In a weak voice, it asked me, ‘Don’t they sell any food at that pet store?’”
This is exactly the story of investing.
We study market outlook, we study macroeconomic parameters like fiscal deficit, GDP growth, crude oil prices, international markets, monetary policy, FOMC meeting expectation, Chinese economy,IIP figures, inflation figures, unemployment rates etc etc but we forget the MOST IMPORTANT INGREDIENT in our attempt to predict the future;
And that is “TIME”
Take a moment to do a “priority check”, and give your investment what it needs the most “time”.
Don’t wait for the parrot to die; I mean your investment to die!!!!!!