I study two men – Franklin Templeton and Carlos Slim – for my family investment strategies. Templeton began a firm in 1947, against all odds, at the runs of the World War II. Mr Slim bought anything in his sight at one of the lowest points in Mexican history – the peso was down and markets in ruins. Templeton trusted the human race and bought “useless” stocks. Slim’s father told him that countries do not fail; they always come back. I read about these two.
At the lowest point in Nigerian stock market, I deployed Slim’s message. I loaded believing the Nigerian people. I trusted my fellow citizens will figure out Nigeria and no matter what, markets will rise again. With all the noise in Nigeria, some did not know in that last 18 – 24 months, one bank stock had returned 4X .
Becoming successful in life is not about being busy – it is understanding things and making sense of them, more meaningfully. There are acres of diamond in Nigeria today, across many areas. Look for them. If you do not believe in humans and nations, it is unlikely you can see opportunities in life.
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