As Nigeria goes through a challenging season of leadership quagmire, I want you to remember that nations rarely kaput. In this video, I introduce two men I study – Carlos Slim (Mexican billionaire) and Franklin Templeton (stock picker of the 20th century). As Abuja demoralizes you, remember that the sun will always rise. Do not kill that idea, because Nigeria will always be.
Franklin Templeton began a firm in 1947, against all odds, at the ruins of 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.
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, it is unlikely you can see opportunities in life.
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This moment will go and like the cryolite, the beautiful gems out of periwinkle, new moments will emerge. Plan to vote but do not lose confidence because abundance remains in the future.
I invested in the local pharmaceutical distribution space last week because very soon, importing foreign drugs will go. The challenges in Nigeria must redesign your investment thesis because even in the miry clay, special greener pastures remain. Think and thrive.
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With land and humans, you always have markets, it’s a constant. Life doesn’t stop as a result of political upheaval or insecurity, people still need to live their lives, amidst all the happenings.
You cannot jettison your ideas or dreams just because you hear that economy is in bad shape, each shift brings up a new set of opportunities; that should be your focus.
If fallen state of naira can engender productive mindset, it’s still a great win, being able to provide products and services for hundreds of millions of people is no small feat; it’s enough motivation to embark on great undertakings.
If everything is working very well, you might stand a chance, because there are millions of people waiting for perfect time to enter the market too; you have your best opportunity now.
In another decade, the dynamics will change, it’s those who do things today that can have the privilege of sharing wisdom and insights to those learning how to play in turbulent markets.
Nigeria cannot scare me, the fundamentals remain same, only the reactions that swing here and there.