“Individuals who cannot master their emotions are
ill-suited to profit from the investment process.”
~ Benjamin Graham
Another week – another failed Armageddon.
An idea to share today: stop watching the garbage called “financial news.”
Seriously. During the summer haze, it is a great time to learn what helps and what does not help. Ask yourself this question. Which “it’s the end of the financial and economic world as we know it” story has been correct over, say, the last 40 years? And when I say “correct”, I mean which thing that we were told – for certain, by a parade of experts – was indeed the end of the world, with no recovery and new highs ahead.
The answer is – none. Not a single one was correct for more than a short window of time. That is a pretty bad record. As such, why in the world would we keep reacting to it?
July 26, 2021