What’s a weapon of mass destruction in the markets?
Well, practically anything that the masses don’t know much about, and are being handed on a platter in a repackaged form, to savour.
Sure, I’m using one of Warren Buffett’s analogies here. Loosely requoted, Buffett once warned, that futures and options were weapons of mass destruction (in the hands of those masses, who didn’t know much about them, but still used them).
Yeah, I will stand upon the shoulders of giants if required.
As long as I quote them, I’m good.
The view from their shoulders let’s one think from a height. That’s an ideal situation for fresh thinking.
Supposing something new comes up. That would be a contribution from my side. And why would it have happened? Because I took the liberty to stand upon the shoulders of giants.
Bottomline is, that everything can be classified as a WMD if one is handling it and doesn’t know much about it.
Equity is a WMD for newbies. For someone who spends many hours a day for many years, delving into Equity, the scene can be quite different.
Rome wan’t built in a day.
You don’t become a PhD in a day.
You can’t master Equity in a day.
Or anything else, for that matter.
Do your homework.
Put in the hours and the years.
Burn the oil.
Take what you do seriously. Not casually. If you’re casual about any professional line, drop it now, or start pursuing it seriously.
Why do you want to give something the power to become a weapon of destruction?
You don’t. Period.