Be a goat in 2014

January 23, 2014 2 mins read
Be a goat in 2014

Just like in previous years, many of my fellow Chinese citizens continue to find themselves in a number of interesting trends or wanted to jump on the latest craze. Like a sheep, everyone tries to find a crowd.

"Chinese DaMa", against wildly popular prediction on gold, cleaned out local retail gold inventory for the month when gold price dipped below USD $1,400 per ounce in May 2013.  Last November, Chinese investors joined the frenzy of the highly speculative net currency, BitCoin and not to mention, Chinese shoppers topped the US in luxury goods purchases in 2013. All of these occurrences are poor investment decisions at best. The basic flocking instinct typical of a sheep is the main driver for these occurrences. We see similar events taking place in the past few years from "dragon baby" boom to over-investment in group-buying dotcom.

2014 is a year to be ready for a potential acceleration of structural shift  in mainland China economics. Sadly to say, staying a sheep is not a wise choice. Despite being a distant cousin of sheep,the behavior of a goat is how we should steer towards in the foreseeable future. Be independent and inquisitive, try a new approach to your routines, and get outside of your comfort zone to grow organically in business and when making your career choices.

Don't be a sheep, be a goat in 2014.

Morgan McKinley