It is interesting to note that human nature are embedded with greed. And yet, as history has shown, it teaches us lessons over and over again, how things need a reality check sometimes. If it seems too real to be true, it probably is. Something within just doesn’t sound quite right… We’ve seen this happen during the dot-com days where every tech stocks go up everyday. And in the recent years, we’ve seen the same with real estate where housing has boomed. Of course, we envy others who make smart financial decisions, and questions why we didn’t pull the trigger in buying that stock or property when we could have done so. But in fact, patience and careful planning are critical virtues to make sure that our human greed do not overtake us. A reality check makes us vulnerable, makes us more humble, and gives us the wisdom to know better. Reality check preserves people from getting side-tracked by the fantasized idea of “get rich or successful fast” when in fact, living is a life long journey and learning process.
Reality Check: from dot-com to real estate bust
February 9, 2008 by rexchen
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