FANG stocks have been beaten down lately. FANG is an acronym for high-performing technology stocks - Facebook, Amazon, Netflix and Alphabet (formerly known as Google) - that have led the bull run of the last 9 years. Facebook had a historic sell-off recently, when it fell $199 billion in market cap in the biggest one-day loss for a single stock. But according to analysts the lesson here is that any sharp sell-off in the FANG stocks should be considered as a buying opportunity.
What looked like the worst - can turn out to be the best. Something good can come out of it.
The history books are full of successful people with numerous stories of adversity and setbacks that opened doors to greater opportunity. J.K. Rowling was fired from her job as a secretary for using her computer for personal business. She survived on welfare until her first book, Harry Potter and the Philosopher's Stone, sold for $4,000 in 1997. Now she's richer even than the Queen. Oprah Winfrey lost her job as a news reporter because the producer believed she was a bad fit for the job. He did offer her a place on People Are Talking, a daytime TV Show that Winfrey initially saw as a demotion....until it took off, and started her career in earnest. Walt Disney got fired as a cartoonist because "he lacked imagination and had no good ideas" and later acquired an animation studio and subsequently went bankrupt. That was when he and his brother began the Disney Brothers' Studio.
I'm sure these people weren't too happy about getting fired from their jobs nor going bankrupt. But if they hadn't been, who knows whether they would have achieved the success they have today. They found the positive benefits in their negative experiences. And if they can do it, so can we.
Think about water-skiing. When you are in balance holding on to the tow rope behind the boat, all is well. But if you lose your balance, you don't continue to hold on and get dragged by the boat. You let go. That is what we have to do in life situations in which we find ourselves being dragged by circumstances we can't control. Let go!
Looking back at my career, I can see now that every struggle I endured pointed me toward my destiny at where I am today. In reality, I probably found more hope than I ever had before. The challenges we face in certain situations sometimes hold a purpose beyond our understanding at the time. We don't always know what's best.
All of us have been in situations that appeared hopeless, and yet we survived. We found a way. Or perhaps the way was shown to us.
What looked like the worst - can turn out to be the best. Something good can come out of it.
The history books are full of successful people with numerous stories of adversity and setbacks that opened doors to greater opportunity. J.K. Rowling was fired from her job as a secretary for using her computer for personal business. She survived on welfare until her first book, Harry Potter and the Philosopher's Stone, sold for $4,000 in 1997. Now she's richer even than the Queen. Oprah Winfrey lost her job as a news reporter because the producer believed she was a bad fit for the job. He did offer her a place on People Are Talking, a daytime TV Show that Winfrey initially saw as a demotion....until it took off, and started her career in earnest. Walt Disney got fired as a cartoonist because "he lacked imagination and had no good ideas" and later acquired an animation studio and subsequently went bankrupt. That was when he and his brother began the Disney Brothers' Studio.
I'm sure these people weren't too happy about getting fired from their jobs nor going bankrupt. But if they hadn't been, who knows whether they would have achieved the success they have today. They found the positive benefits in their negative experiences. And if they can do it, so can we.
Think about water-skiing. When you are in balance holding on to the tow rope behind the boat, all is well. But if you lose your balance, you don't continue to hold on and get dragged by the boat. You let go. That is what we have to do in life situations in which we find ourselves being dragged by circumstances we can't control. Let go!
Looking back at my career, I can see now that every struggle I endured pointed me toward my destiny at where I am today. In reality, I probably found more hope than I ever had before. The challenges we face in certain situations sometimes hold a purpose beyond our understanding at the time. We don't always know what's best.
All of us have been in situations that appeared hopeless, and yet we survived. We found a way. Or perhaps the way was shown to us.
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