Are you optimistic and opportunistic?

By Yogesh Chabria

There are two types of people in this world. The first are the ones who are always pessimistic about each and everything. They hate life and always think the worst is going to happen. No matter what you want to do, they will tell you "That can't be done." and "That is impossible." I'm sure you must have encountered a lot of such people.

Especially in times like now, these people start speaking even more. They keep talking about how bad the world economy is and how millions of people will lose their jobs. They keep talking about how the world is headed for doom and how everything will collapse. Lehman Brothers went bankrupt, Bear Stearns went bust, Real estate is in trouble - so most probably you are going to be in big trouble too according to these 'pessimists.'

Unfortunately most people are this way, and even if they aren't they let pessimists tell them what is possible and what is impossible. These are challenging times, but every challenge also brings in an opportunity in disguise.

On the other hand is a very small minority who are optimists and opportunists. These people look at the global economic crash, economic slowdown and recession as one of the greatest opportunities in history. Very few people actually know that 1929 was in fact one of the best years for a small minority. The crash of 2008 and 2009 present such people another great opportunity. This opportunity isn't only about buying cheap stocks and cheap assets, but also about new ideas.

I see the US dollar crashing as it is the most oversupplied commodity on the planet, and we can certainly see many more problems in America. The old world has collapsed, but this also means that there is a great opportunity for a new world order to be established.

It means that we need new entrepreneurs, investors and businesses to take the place of the old. We, in India have this opportunity in front of us.

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