The buck generally stopped with Peter Roebuck in the world of Cricket journalism.
Professionally speaking, Peter was cutting edge.
Though he was described as a complex person outside of his professional sphere, the only blip that seemed to punctuate his 55 years was a 2001 common assault charge on some 19 year old cricketers he was coaching.
As per the media, Peter’s is a confirmed suicide; he jumped six floors to his death, from his hotel window. Just before he jumped, he was being questioned by the South African police on a sexual assault charge. A police officer was in the room when he jumped.
Was it extreme shame over something he’d done? Perhaps just one big blunder in an otherwise good, successful and recognized life? If that’s really the case, one needs to reflect on things.
Sometimes a good human being can make a huge blunder. Let’s cite excruciating circumstances that drive the person to such an act. For example, extreme loneliness can result in a moment of madness, in which one loses self-control and crosses the line between decent and indecent behaviour. Let’s please not behave as if this does not happen. Don’t know if this was the case with Peter. As of now I’m just looking at the general applicability and the consequences of such moments of madness in our normal arena of life. Also, I’m gonna try and apply this to market play.
Before I do that, let’s stay with Peter for a bit. If it turns out that Peter was pushed over the ledge, this whole discussion will need to be discarded and the investigation of match-fixing will come into play, since Peter had just finished reporting on arguably the most unusual Test match in the History of the game. As of now, murder is being ruled out, so let’s stay with our original discussion.
Who feels shame? A human being with a conscience does. Who feels so much shame, that he or she can’t face society, family, spouse, kids etc. anymore? A human being who has probably committed a grave folly and who has a conscience that is now powerfully confronting him or her.
The media has not reported any History of sexual assaults in Peter’s case, so we are probably looking at one grave act in a moment of madness that became the complete undoing of an acknowledged soul called Peter Roebuck.
How many of us are in the same boat, where one grave act can become our complete undoing? All of us are. Please be very clear about it. That’s how unpredictable life can be.
As of now, I’m going to focus on this one grave act unfolding during one’s career in the markets. All you have to do is to activate huge amounts of leverage (= few button-clicks), and then ignore a few stop-loss levels (= 0 button-clicks) while you answer the margin-calls, and you have already committed the grave act that is potentially life-threatening. If the resulting losses clean you out, that’s one thing, but if they put you deeply into debt, contemplation of suicide can well be on the cards if yours is even a slightly melancholy personality.
See, that’s a very short route to where someone like Peter Roebuck ends up, irrespective of one’s arena in life.
All I can say is (and I’m saying this to myself as well) that please let’s take that smug look off our faces, and let’s please reflect, because a moment of madness can trap and terminate the existence of any human being, no one excluded.
Moments of madness occur in everyone’s life. We need to train ourselves to not react to them. That’s easier said than done, but it’s better to say it out loud and activate one’s system to become aware of such moments of madness when they are happening.
Only if one is aware that such a moment is unfolding can one actively choose not to react.