Forum Replies Created
[8D]
In consolidating the previous posts in a more definitive sense, I add the following.
responsible = being accountable for your actions, successful or otherwise.
successful = end goal achieved, responsibly or otherwise.
Thus you can be “responsible” or “irresponsible” in process and still achieve your end goal or otherwise. Then it may become a matter of conscience and or financial success or failure.
Or you can be “successful” or “unsuccessful” in end goal, yet have been responsible in process, or otherwise. Then it may become a matter of conscience and or financial success or failure.
The two terms are not essentially inclusive, however could be seen to form a more realistic measure of overall success on a more holistic scale. i.e. also qualitative and not just quantitative.
We have a 4 state binary condition here. Basically represented by two bits of information each represented by two recognized states, one being the affirmative and one being the negative, be them to some degree subjective in interpretation. [
]Clearly the two words go hand in hand and in process, can have wide sweeping impacts on ourselves and on those with whom we interact, on one level or another.
[
]Wally I see ur point about being responsible. I guess Trevor Hendy would say, well if you understand how the tide flows and know how to handle the rip, then you can go where others fear to swim with safety and confidence. You can even swim with the sharks, so long as you know when they were last well fed. [
] And Renee would say and thats no Gobbldy Gook ! But then look where it left him yet some how it seems the slippery fish still got away.On a more philosophical slant, If you are happy for the rest of your life, one could make a case that you invested responsibly. Some may say that if one leaves this world in a “better” state than when they entered it, they invested responsibly. Some people say wealth is a state of mind. [
]In answer to the post, for me, “successful” investing could be differentiated from “responsible” investing. Again both quite subjective as most things qualitative generally seem to be.
One could be “responsible” but less “successful” and vice versa or both or neither. Yet one could also see the two words as meaning the same or going hand in hand.
One could be more pragmatic or more philosophical in ones interpretation. At the end of it all, one is left either happy or unhappy or somewhere in between, depending on ones perspective.
In a general sense, the term “responsible investing” even pertaining to property, can take of a broad context of meaning. I think one has to find their own peace, with whatever they do in life, some of which may include, responsible investing.
More pragmaticly and again in awnser to the posed question, how would it change my life if I were successful in property investing ? Hmm, I think for me it could buy me time to persue things that I may otherwise not have time to do. That said, some say there’s no time like the present. Make of that what you will.
I suspect this could apply to many of us. It seems to me that as one gets older, time can seem to become more important, as clearly life in this conscious world seems finite.
I know that probably didn’t answer much, but well it just came to mind, thus I thought I would offer a different slant for variety and perspective.
[
]Responsible Investing ? I guess its a bit like responsible driving ? know your road rules ( dos and don’ts ) know your vehicle ( what will fund your journey ) know your destination ( end goal ) and know how you intend getting there ( your road map or plan ) ? Know the road conditions ( wet & slippery and bumpy ? dry and hard and smooth ? )
Finally know your driving limitations ( some of us are better or safer drivers than others ) Also know the limitations of your vehicle ( try not to recklessly drive it like an F1 racing car down city streets ) Manage your risks in the context of these limitations.
Watch out for the pot holes, road work signs and strewn debris along the way. Try not to become a casualty and then a statistic.
Drive Safely and with Caution !
[
]thanx golfer
good luck with your handicap. []Hi,
Why dont you just tell me, since you bothered to find out. It would have added about 2 seconds to your post. [
]a simple xx km would suffice, for those in the know.
Thanks buddy. cheers and beers, but not too many. [
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yet some how it seems the slippery fish still got away.
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