For those that have a general understanding of chaos theory, you should be able to understand that it not only applies to the markets, but to life, itself.
Now that I see that chaos theory is everywhere, I'm wondering how much of our lives is really under our control. Obviously you can make choices which send you down different paths, but in the big picture, how much is under our control?
I do believe that hard work pays off, but think about how much is circumstance, also. Let's say there were 2 Tom Cruises, both trying to become movie stars. Say they both worked as hard, but one day, Tom Cruise #2 wakes up 15 minutes late and is 15 minutes late for a movie audition. Tom #1 arrived on time and completed his audition on time. Tom #2 showed up late, but by showing up late, he met someone that was not there 15 minutes ago for Tom #1 to meet. Let's say this person helps Tom #2's career immensely and leads to him becoming a movie star.
You can see that although 2 people can try just as hard, it can be chaos theory which determines your fate. So now let's say Tom #2 becomes a huge movie star because he got his break, and Tom #1 is still struggling. All because of an event that was not really under their control/planned by them.
If we accept that life is just a bunch of probabilities, how can we make the best out of it?
There are some that say, "everything happens for a reason." I HATE when people say that. Yes, you do have some control, but a lot of it is just circumstance. If you get in a car accident and lose a leg, it's just WHAT HAPPENED. There's no ultimate purpose for it occurring. There's no point in asking, "why me?"
One more thing, does anyone believe anything is random? I don't think anything is random. Even if a computer generates a random number, there was still some set of circumstances that led to the computer picking a number. We may think of it as random, but what really is?!
"Success tends to go not to the person who is error-free, because he also tends to be risk-averse. Rather it goes to the person who recognizes that life is pretty much a percentage business. It isn't making mistakes that's critical; it's correcting them and getting on with the principal task." - Donald Rumsfeld
Now that I see that chaos theory is everywhere, I'm wondering how much of our lives is really under our control. Obviously you can make choices which send you down different paths, but in the big picture, how much is under our control?
I do believe that hard work pays off, but think about how much is circumstance, also. Let's say there were 2 Tom Cruises, both trying to become movie stars. Say they both worked as hard, but one day, Tom Cruise #2 wakes up 15 minutes late and is 15 minutes late for a movie audition. Tom #1 arrived on time and completed his audition on time. Tom #2 showed up late, but by showing up late, he met someone that was not there 15 minutes ago for Tom #1 to meet. Let's say this person helps Tom #2's career immensely and leads to him becoming a movie star.
You can see that although 2 people can try just as hard, it can be chaos theory which determines your fate. So now let's say Tom #2 becomes a huge movie star because he got his break, and Tom #1 is still struggling. All because of an event that was not really under their control/planned by them.
If we accept that life is just a bunch of probabilities, how can we make the best out of it?
There are some that say, "everything happens for a reason." I HATE when people say that. Yes, you do have some control, but a lot of it is just circumstance. If you get in a car accident and lose a leg, it's just WHAT HAPPENED. There's no ultimate purpose for it occurring. There's no point in asking, "why me?"
One more thing, does anyone believe anything is random? I don't think anything is random. Even if a computer generates a random number, there was still some set of circumstances that led to the computer picking a number. We may think of it as random, but what really is?!
"Success tends to go not to the person who is error-free, because he also tends to be risk-averse. Rather it goes to the person who recognizes that life is pretty much a percentage business. It isn't making mistakes that's critical; it's correcting them and getting on with the principal task." - Donald Rumsfeld