The "Secret" Law of Attrition in Trading

Thus, most Americans, rather than increasing their means, need to decrease them—in many cases dramatically so. This is the secret law of attrition.

It's a secret not only because most folks don't know about it—but also because they don't want to know about it.

By and large, we have become so attached to our material comforts that we can scarcely imagine living without them. Little do we realize that our possessions have come to possess us, and that our houses are like so many prisons built upon foundations of scarcity and fear.

Although based on compassion, the law of attrition is not about making some difficult and noble sacrifice but about extending the concept of wealth beyond the material realm into the natural, social, artistic and spiritual realms.

It's about shifting from quantity to quality—and from making a living to making a life—along with the time to enjoy it.