Corruption exists where power exists

To say otherwise is naivety in the extreme.

Of course there are people who refuse to give in and shine like beacons, but unfortunately they are far too few.

If you want something done, and have enough money, then it is done. Simple.

Why are we so surprised when corruption is ‘uncovered’? Banking Royal Commissions, investigations into top legal firms, political donations, misuse of public money, misuse of public credit cards…it is announced in the news almost daily yet the shock value never gets old.

Perhaps it is because we want, so desperately, to believe that we have the same chance as the very rich in life, that we can get by on our merit alone. Some indeed can, and do, but it is more because of luck and timing than their good intentions.

Corruption is everywhere, at every level of our society. Fortunately it is nowhere near as bad as other countries, such as India or China, but it is there. Just below the surface, ready to emerge for the right amount of money or power.

So why are we surprised when it is exposed? Is it just jealousy that we do not have the money required to bribe someone and make our own lives easier? Possibly.

Or possibly it is because we, the un-rich, cling to this notion of a Fair Go. We struggle so much, through so much and somehow over so much in life we simply cannot stand the thought of someone using a chequebook to accomplish what it takes a pound of flesh for us to do the same.

So when it is revealed as being so easy for others, just the stroke of a pen, we recoil in horror once again. Even though we all hear stories, sometimes witness it firsthand, we strive to believe people are good.

Unfortunately all are not, and the wealthier they are the more they can ‘accomplish’.

Why is life so much easier when you have a lot of money? When you answer that question truthfully you will realise why it should not shock you anymore.

Everything in life comes down to one thing – Timing

Well, alright, there are just a few more things involved, but for me timing is the most important.

I suppose it relates back to that ‘sliding doors’ moment. Had you not turned left when you got off the bus this morning and turned right instead, you might have bumped into the love of your life.

Depressing but a possibility.

But more to the point, I am referring to those who rave about how great they are because they made lots of money when they sold their house, or bought shares low and sold very high and gave their lives a freedom from financial woes that ninety percent of us go through each month (or at least every few months when the dreaded power bill arrives).

These people are not geniuses, they have not discovered the secret to the financial markets. Yes, they would like to think they have, and indeed tell us so, but no they haven’t.

How can I be so sure?

Do a quick search of the main so called ‘expert’ economists, financial ‘wizards’ and see what they wrote as their predictions at the beginning of last year. They are there for all to see. And the one common thread throughout? They are almost all completely wrong.

I saw one the other day, adamant that inflation would reach twenty percent by the end of last year in the US. I have seen others who predicted a major crash in China (which will no doubt occur one day but no-one knows exactly when).

Timing. It is like predicting an interest rate increase. If you predict one publicly and loudly and one actually occurs within a month you are an instant expert. You could have been predicting an increase every month for two years but because you finally got one right you know everything, right?

Wrong!

Or if you predict that the next Apple iPad will be a total flop, which very senior people have done every year since the first model was released, and that year you happen to be right, suddenly people think you know everything.

Sorry, but it was just a lucky guess.

The markets are mainly driven by emotion. Yes there are some facts in there that a very, very few can follow and predict how people will react, but no-one gets it right all the time. Not even Warren Buffett.

The vast majority get it utterly, completely wrong, especially now when our markets are so wildly unpredictable.

So the next time someone tells you of their great gain when they sold their property, think how lucky they were to find the one buyer who fell in love with it and had to have it. Or the shares that could easily have tanked because of a bad asparagus crop out of Croatia.

It is all timing. Yes some call it luck, and I suppose it is lucky to get the timing right, but I prefer simple timing.

So next time you get off the bus, walk a different way to work.

You never know.