Game of Thrones has become one of the most iconic fictional storylines of our generation. Known for intricate plot twists and a host of mythological conflicts, the series has set a high calibre. There are often underlying themes which can be extrapolated into real-life scenarios, and you’ll be surprised (or not) to learn that one of those themes revolve around financial habits and lessons. Examples of certain principles can be applied toward a money-saving or investment strategy.
This is arguably the most popular meme of the series and has been seen on countless Reddit pages for well over four years. Depicting the motto of House Stark, this statement has far more ramifications than the impending winter alone. This can be roughly translated into the policy of being prepared for what may exist around an unforeseen corner. When applied to investing, it signifies that the investor should always have a financial buffer in the event that the markets do not perform as expected.
First coined during the 2013 season, the expression “a Lannister always pays his debts” is another solid take-away. Debt has been one of the underlying themes within Game of Thrones and it has caused conflict and chaos throughout the series. This very same observation holds true in real life. Loan defaults and other forms of debt mismanagement can cripple one’s ability to move forward. When times become lean, there will be little room for extra liquidity. Debts should be chosen wisely and the borrower always needs to be aware of his or her limitations.
Friends Versus Loan Institutions
Borrowing money from close friends or family can always be a dubious prospect. Remember when the Lannisters were put in a dangerous position after the Tyrell family loaned a veritable fortune to the Crown. This became even worse when the Lannisters suspected this family of aligning against them. The main point is that loans from personal acquaintances involves intense feelings of psychological obligation on both sides. Not only can this lead to contracts being broken, but long-standing relationships may be destroyed as a result.
Eyes on the Horizon
Planning ahead is obviously one of the most basic principles behind even the most basic investing strategies. Unfortunately, many investors still look at short-term gains as opposed to long-term milestones. This occurs even if they are otherwise astute at their profession. Let us look at King Robert. While brave and impassioned, he lacked the foresight to plan his estate. The entire realm of Westeros suffered as a result. The lesson here is that future estate planning as well as general long-term prudence are the two components of fiscal success.
The Virtues of Patience, and Prudence
Daenerys: one of the most loved characters on Game of Thrones, is known for far more than her captivating presence alone. In what can only be called a particularly ironic twist, this young woman displays much more patience than her older and more seasoned counterparts. When she was gifted seemingly useless dragon eggs, she neither sold them nor squandered their value. They eventually evolved into powerful weapons which she would use to forge her own niche within the empire.
While Game of Thrones is certainly fictional, there are always points that can be applied to the real world. Investors who are looking to eventually become “masters of their domain” should keep these strategies in mind when looking to succeed where others have failed.