The S&P 500 is near all time highs, and yet there is a sea of red today and lot of carnage under the surface...
One day you'll have an investment, or all of your investments, that will go down a lot.
Like 50-100% a lot.
We all have, and if not yet, you will.
One day you'll have an investment, or all of your investments, that will go down a lot.
Like 50-100% a lot.
We all have, and if not yet, you will.
Even broad asset classes spend about 80% of the time in a drawdown.
Some can last for decades or more.
To be a good investor you have to be a good loser...from 2014:
mebfaber.com/2014/12/12/be-…
Some can last for decades or more.
To be a good investor you have to be a good loser...from 2014:
mebfaber.com/2014/12/12/be-…
I've made over 300 startup investments over the past 8 years, and I fully expect at least 100 to be total zeros.
-100%.
mebfaber.com/2021/07/01/jou…
-100%.
mebfaber.com/2021/07/01/jou…
Asset classes like foreign stocks, tilts like value, well you know already about those....they can stink for a long time...on both a relative and an absolute level.
The batting average for most of my trend following strategies is probably less than a coin flip.
Lots of losers.
The batting average for most of my trend following strategies is probably less than a coin flip.
Lots of losers.
Many want to gamble and speculate and when they win, they take credit for it all.
When they lose, they blame something or someone else.
It's your money, your responsibility.
Most old traders learn humility eventually and take pride in their losses and scars.
When they lose, they blame something or someone else.
It's your money, your responsibility.
Most old traders learn humility eventually and take pride in their losses and scars.
How will you respond?
Will you blame the FED, or your neighbor, or your broker, or politicians?
Or will you take responsibility for your own investments & learn from the experience?
Will you blame the FED, or your neighbor, or your broker, or politicians?
Or will you take responsibility for your own investments & learn from the experience?
As Eddie Vedder said recently, "learn to enjoy the struggle"....
It helps to have a plan. I happily share mine and have for years. But your plan is unique to you...
I'm updating my "How I Invest 2022" and should be out next week...stay tuned!
It helps to have a plan. I happily share mine and have for years. But your plan is unique to you...
I'm updating my "How I Invest 2022" and should be out next week...stay tuned!
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