When you are inside, you are hard-presed and unable to think.
But when you are out of the bubble, it’s illuminating.
You are able to look back, to gain perspectives.
Bubble by definition is that which encompasses those who subscribe to its rules (deposit here, withdraw there).
In fact, more are in the making (student loan, green tech etc…).
High stakes and high rewards.
But then, who would want to jump in to that which has already been proven 100%.
There is always “acceptable loss” “sot and hard trend”.
But what is acceptable to one is not acceptable to the other.
So we could never really be outside of a bubble.
We are inter-linked with others: friends, families, and co-workers.
They will be the ones who whisper “it’s just between you and me”.
Few were able to foresee this past housing crisis.
Now we all are on this side of it, with some residues and long tail effects.
What lessons learned? Take-aways?
Are we wiser while poorer?
A friend’s Dad has just passed away.
At my last visit, his words were “let me sleep a little bit”.
The drug had taken its effect.
When we are in a bubble, perhaps we “sleep a little bit”.
Social proof ( the majority are always right).
So we let down our guards, exercise not our survival instincts.
We forgot to fight, the way gladiators used to each day.
Our sense of “flight or fight” has been put to sleep.
After all, it’s the bank, the rating agencies, the press.
All well-regarded institutions, with huge marble lobbies and high ceilings.
Not a good sign!
To shake all off, takes some time.
Just like healing and grief process, maybe all we need is time.
The bubble crushed dreams. Just like Fukushima and earthquake.
We just don’t see it in that “disastrous” light, but its tolls are the same, if not deeper.
When we recover from a bubble, we lost that which made us successful in the first place: self-confidence.
To restore that takes baby steps.
One small win at a time.
But those baby steps are outside the bubble, not huge strides we made inside.
What an irony. Should have been the other way around. In hindsight!
But with each baby step, the strength will come back, for the long journey ahead.
Watch out for another bubble on the horizon. No risks no rewards.