This past weekend, I witnessed the final prequel between the good and dark sides of the force. Star Wars: Episode III Revenge of the Sith was nothing short of spectacular. It was a cinematic event for me as a long-time fan of the series.
The Star Wars story is a natural reflection of our own human experience. It deals with love, the fight for freedom, greed, authority, good versus evil, absolutes, and the power of choice. It is a science fiction story analogous to the history of the world.
George Lucas never envisioned that his Star Wars creation would become an empire unto itself. The movies grossed enormous amounts of money on their own merit, but the merchandising of related Star Wars products really brought in the cash. And what was quite unique in the movie business, he did it all while retaining full artistic control over the entire project.
There are many lessons we can draw from George Lucas’ creation, but one in particular stands out as it relates to business and investing. George Lucas had the guts to stand up to the big Hollywood studios and create what he wanted to create. He is a true artist (and entrepreneur) who followed his own instincts and walked his own path, regardless of the consequences. He followed his own direction, no one else’s. This is precisely what individual investors must to do to achieve long-term success in the stock market.
You cannot be a successful investor if you follow anyone else’s advice. You must create and execute your own business plan in the markets. Sure, you can absorb any and all information related to the markets, but, at the end of the day, you must walk your own path and make your own decisions.
You must develop your own market view and act only on those opportunities you feel comfortable with. In essence, you must become an artist and create your own success in a manner that fulfills your own needs. No broker, banker, or friend can do it — you must follow your own direction. You will make mistakes, but you can learn from them and move forward. Once you develop your own investing style, you will be successful.