Tell me if this sounds familiar. You are watching Jim Cramer on CNBC and he’s talking about Coca-Cola and how it is a world dominating stock, a global consumer staple, and how it just happens to be extremely undervalued right now (according to Jim).
You’ve been looking for another good stock to add to your portfolio so you hop online to your brokerage account and buy a bunch of shares of Coke. I mean, hey, Jim Cramer said it was a great buy and lots of people own Coca-Cola, so you should add it to your portfolio, too, right?
You can’t go wrong (and at least you’re not alone— probably everyone watching Mad Money is also buying Coca-Cola, and Warren Buffett owns it, too!). Definitely a great stock to own.
But wait, not so fast…
Are you a sheeple?
UrbanDictionary gives us the following definition:
People unable to think for themselves. Followers. Lemmings. Those with no cognitive abilities of their own. An individual who forfeits his right to choose in favor of inclusion in groupthink and what is viewed as popular.
Allowing the influences of different forms of media and group members to hold great sway in the formation of attitudes, behavior and opinion. To accept the group mentality and opinion as fact without examination.
Harsh words, but if you invest like the person in the story above, then unfortunately you, my friend, are the very definition of “sheeple”.
And what happens to sheeple?
Well, in addition to being ridiculed by everyone who does think for him or herself, sheeple get fleeced and slaughtered in the markets. Brutally fleeced and slaughtered. Annihilated. Extinguished. Exterminated. Killed. Slaughtered. I have never, ever seen a sheeple “win” in the markets. Never.
You may as well walk around with a “Kick Me!” sign on your back because you are that easy of a target!
I honestly cannot think of any single worse thing for your financial future (or your future in general), than to proceed through life with a sheeple mentality. As a sheeple, you are easy, easy prey for any thinking, reasoning being, and a downright sucker for anyone with even a little bit of cunning.
And make no mistake…it is an all-out WAR for your money. Everyone wants a piece of you. You have got to train up (kung fu!) and get ready to prepare for battle!
So What Can You Do?
Well, for starters you have got to stop following who and what the masses (the sheeple) follow and seek out better answers if you want better results. (Of course if you are satisfied with being “average” and achieving average results, then just disregard this and keep watching and doing what everyone else is doing…that’s the surest way of being “average” that I know.)
But if you’re looking for different results, then you’ve got to find real people who have actually “walked the walk”. We all know the definition of insanity: doing the same thing repeatedly and expecting different results. Do you really want to hear the same old mainstream stories about clipping coupons or investing in mutual funds? How is that working for you? You need to seek out better advice from REAL people who have actually achieved what you wish to achieve; not from people who make their living from the “talk”. You can check out some of my true financial masters in the links to the right of the blog.
And finally, you have got to dust off your rusty critical thinking skills and view the world, particularly the financial world, with a healthy dose of skepticism. We all know that if something sounds too good to be true, it probably is, but nowhere is that more important than in the financial world. And what about our fearless leaders? Are you skeptical or do you trust them unconditionally? Does Ben Bernanke really have your best interest at heart? What about President Obama? Why did they bail out the big banks, but not bail out you?
Successful, Wealthy Investors are NOT Sheeple
Every person I know that has made any “serious” money investing (or otherwise) is not a sheeple. Successful people are not sheeple. They are different. Weird. Unique. Look at Lady Gaga and Weird Al Yankovic and Steve Jobs and Bruce Lee and Warren Buffet and Oprah and any of the other super-successful people who you know. None of them are “sheeple”. None of them are “average”. ALL of them have (or had) the courage to be truly different and to think for themselves—to seek out advice different from the mainstream and to seriously challenge the status quo.
What Will You Choose?
Which brings me to the first and arguably most important pillar of real financial success. If you take nothing else away from your time here at Kung Fu Finance, I hope you learn and live by this one simple principle:
Think for yourself…(Don’t be a sheeple!)
Unless you want to get slaughtered.
Take the red pill, seek out better answers…I promise you the journey will be MUCH more rewarding (and a hell of a lot more fun!).
To your financial success,
—Kung Fu Girl
“Independent inquiry is needed in your search for truth, not dependence on anyone else’s view or a mere book.” —Bruce Lee