Bear markets: too hot, too cold, & just right

Markets are the same way: They go up, they go down, and it’s out of your control. How you respond to challenges and opportunities they present matters a great deal.

I have a suspicion that the biggest single factor that determines your success or failure when these events occur is simply the way you psychologically contextualize what is occurring. And as it turns out, that is (somewhat) in your control…


A lot of people subscribe to the psychology of the markets. Easy to understand. Most are not disciplined though to use those insights. The psychology comes and goes and won’t make the bigger money.

The bigger money is in opportunity costs. Understand the proportionality of finance to markets over time. Who thinks what in a snap shot will come and go so why count it?