Dave Lukas - Lessons for Hannah
340: Lessons For Hannah - Reality
Hello Misfit Nation! Welcome to another edition of "Lessons for Hannah!"
Many years ago, I introduced a new format that alongside our regular episodes called “Lessons for Hannah.” Hannah is my daughter and one of the main inspirations for the Misfit Entrepreneur. I wanted to have a place where she could go and learn from her daddy and his Misfit friends throughout her life….even after I am gone. If you haven’t listened to the first episode of "Lessons for Hannah," I urge you to as it gives some more background and tells the amazing story of how Hannah came to be in our lives.
Lessons for Hannah are short, very useful, and sometimes comical lessons, that I want to share with you and give to Hannah to help in your lives. Because I want Hannah to have these for her life, I’m going to speak as though I am talking directly to her. These episodes are a lot of fun and if you think there is a lesson that we should include in these episodes, please don’t hesitate to send it over to us at firstname.lastname@example.org. We’d love to share it.
This week’s Lesson for Hannah
This Lessons for Hannah will not be a long one, but it is very important for the times we are in and for your future. There is something that I have found that holds true time and time again. Sometimes it takes a little while for it to take hold or sink it, but in the end, it holds true. And that is, Reality always wins.
Let me explain. There are certain things that will hold true and be consistent no matter what. No matter what people say. No matter what experts say. No matter how much they are said not to be true – they will win out. Reality always wins.
For example, gravity will always be gravity. No matter what anyone says, you are not a bird and cannot fly. If you jump off a building, gravity will win and you will not. A more controversial topic these days is gender. There are two genders in the laws of nature, male and female. It is reality. People can claim there are 100 different ones, but people are either born male or female in nature and that is reality. Now, do I support their right given to them by the Constitution to say they are a gender other than male or female? Absolutely. It doesn’t make it true, but they have the right to say these things and believe them about themselves.
Other examples include the laws of economics – supply and demand. If something is in short supply and has demand, the price for it will go up. If something is oversupplied and everyone has it, the demand will be less and it will come down in price. Many times, the laws of economics get out of balance due to manipulation or short-term anomalies, but in the end, the laws win out. We saw this during the pandemic with a number of goods and services. Masks came into high demand and initially got expensive until more supply came on the market and then prices came down. Now masks are super everywhere and super cheap because there is a ton of supply and not as much demand.
In the end, reality always wins out. There are universal laws of nature, nature’s God, economics, physics, and host of other things that cannot be broken.
Many people do not want to face reality because they may not like what they find. They will have to face things that are true, that they may not want to admit are true about themselves, their life, and/or deal with. But one of the biggest secrets to success and life is to face reality head on and accept it for what it is. Respect it. Learn to understand it and use it to your advantage. Once you accept that there are some things that are bound by the laws of this world and universe and reality will win out, you will find some amazing things happen for you. For example, I have been trading markets for over 20 years and I used to think I could beat reality in the markets and the laws of economics would not always hold true. For example, markets may have a big run higher, and when they do, people will think they can just keep going up and sometimes it seems like they will never stop, but they do, and they fall back down. Ask anyone who thought Bitcoin would never stop going higher in 2021. Conversely, when markets fall a decent way, they typically turn around and go higher. They can only go so far until they have gone too far. I have made it a habit to work hard to understand this so that I can use it to my advantage, but I had to learn some heard lessons losing money over the years before it truly understood and now I use the lessons learned to help me make money every month in the markets. I faced reality and decided to use it to my advantage.
Hannah, you will face a lot of different realties in your lifetime, don’t try and deny them or shy away from them. Instead embrace them and look for how you can use them to build wisdom and help you in your life.
I love you,