This is the inaugural edition of Teknapack Notes on our all-new Teknapack.com website.
Under different world circumstances, I’d be sharing with you my excitement about the product preservation innovations Teknapack plans to bring to the glass industry in the months and years ahead. Instead, things are subdued and people are at least a little fearful about what the future holds in store.
Warren Buffet offers some advice that can be impactful far beyond financial investing:
From the famous words of one of the most esteemed investors in history, Warren Buffett, to be a successful investor, “simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
This advice can be applied in a much broader context.
When things are going very well, people can move toward a greedy style of living and investing which can lead to carelessness. They also get involved with a lot of things that are beyond core capabilities. As a seasoned entrepreneur, I’m not an advocate of behaving in a fearful manner but I do value caution and humility when others might act arrogantly.
Likewise when things are tough, being fearful or desperate will not enhance your ability to be resourceful. You don’t want to be greedy when others are fearful but you can be confident that you have the ability to improve yourself while others are standing still.
The COVID-19 crisis is a tragedy for millions of people around the world. It’s also an opportunity to reflect on the things we have and be grateful for them and allow ourselves to let go of the things we’ve lost. When we do this we can clear our minds to focus on getting better at the things we do well and let go of the things we don’t need because they never really were a good fit.
I urge everyone to use this present state of uncertainty, where many are now unemployed or under-employed, to work on one or two things that can make you or your business ready to latch on to opportunities when they return.
Things might never get back to “normal” but life before COVID-19 was more surreal than normal. Regardless, the crisis will pass and we will all be able to get back to living.
All the best to you and all those who are close to you.
Fritz Johnson. President, Teknapack, Inc.