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God Save the Queen: To Do Nothing Is the Hardest Job of All

September 20, 2022 By E.J. Smith - Your Survival Guy

The Queen and Prince Philip waved to Brisbane crowds on the way to Eagle Farm Airport where they were due to leave for Townsville on Friday 12 March 1954. Photo courtesy of the State Library of Queensland.

Last night, Becky and I watched episode four, season 1 of The Crown on Netflix as we honor the passing of Queen Elizabeth II. During the episode, a blanket of fog covers the streets of London, overwhelming hospital beds with residents gasping for air. Prime Minister Winston Churchill is under immense pressure to “do something,” but he holds firm with his belief that the fog is an act of nature, and an act of God, and that it will lift.

  • Your Survival Guy: Long Live Queen Elizabeth II

When Churchill’s young secretary is fatally struck by a bus, he arrives at a busy hospital where someone yells at him to “put on a mask!” Fittingly, he responds that masks don’t work they’re just a symbol that the government is doing something. Sound familiar?

  • STEADY YOURSELF: When Bad Stuff Happens, Do This

There’re those nasty two words, “doing something.” Those words in relation to Covid seem to have clouded our lives for what feels like forever. Even Joe Biden now believes it’s over. But when there’s no emergency, “doing something” is much harder to “do.” So America remains in a state of emergency.

  • BIDENOMICS: Inflation, COVID Failure, Drive Plunge in Consumer Confidence

The most powerful scene (see below) is when The Queen is advised by her bedridden grandmother Queen Mary: “To do nothing is the hardest job of all.”

While Churchill waits for his meeting with the queen, she sits alone for what seems like hours gazing through the window at the hazy air, not sure what to do. When she finally summons him, it appears she’s ready to order him to “do something,” just as a beam of sunlight comes through the window.

Action Line: It’s human nature to want to act. But acting often worsens the problem, which can be especially true for your investments. Acting may help you feel better: perhaps by selling until you can sleep. But that just presents you with a new problem of figuring out when to get back in. As the late great Jack Bogle said: “Don’t just do something, stand there.” Wise words indeed. “God Save the Queen.”

Originally posted on Your Survival Guy. 

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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