This has clearly been a challenging time in markets but more importantly in life. I shared this note with our investment team over a week ago. I encouraged everyone to keep a journal to document their behaviour and emotions. I’m sure @farnamstreet has more to add! 1/n
I imagine each of you experienced a roller coaster of emotions over the past couple of weeks as markets gyrated. This is normal for times like this. But it does present a good opportunity to learn about our emotional behaviour in times like this...2/n
It can help us to improve our #decisionmaking when the next #financialcrisis hits us. I would encourage everyone to keep a #journal of their emotions, observations & conclusions. “Today feels like the bottom”....
“I’ll never underestimate balance sheet risk aging” “i can’t believe how cheap these securities are”. It’s also somewhat therapeutic to do. In the long term, the human brain will seek to adjust history to make it more tolerable and less painful.....
These are really challenging times right now, but in 10 years you will look back on it as not as challenging as it is. If you have your own handwritten notes from this time to rely on next time when we see something like this.....
...you will be that much better prepared to navigate those conditions and understand your own emotions. Happy #journaling .
This is slightly paraphrased for compliance.
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