It’s almost always an –
- I don’t know who I am problem
- I don’t know how much pain I am willing to take problem
- I don’t have the patience to give my stocks time to grow problem
- I bought on the tip of that popular social media influencer and did not do my homework problem
- I did not diversify well problem
- I bought the stock just because it dipped problem
- I cannot resist my friends getting rich problem
- I love to fall in love with my stocks problem
- I cannot differentiate between stock price and intrinsic value problem
- I suffer from a buy at any price problem
- I borrowed to invest problem
- I invested the money I needed soon problem
- I don’t have time on my hands to see through market cycles problem
- I trade too much and too often problem
- I keep watching and worrying about stock prices problem
- I will watch the market and my portfolio again after reading this post problem
And so, I must remind myself this at all times –
A market crash is ‘never’ the problem. ‘I’ am the problem, and I must sort myself out, because that is only what I control. And if I can control the ‘I’ better, a market crash will never be a problem.
That’s about it from me for today.
If you liked this post, please share with others on WhatsApp, Twitter, LinkedIn. Or just email them the link to this post.
If you are seeing this newsletter for the first time, you may subscribe here.
The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life
Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy now.