Monkey is absolutely terrified of sounding like a shill, screeching from the top branches while other animals just want to sleep, but so it goes. He is what he is.
The hardest thing, the very hardest thing, and it’s not even close, about investing, is your capacity to see clearly and to control your emotions so they don’t end up yanking you by the genitalia with which your were bequeathed at birth.
In other words, character, as much else in life, is your destiny. The stock market’s grizzly gorilla days bring to the forefront that which is easy to pretend to have.
Or that which others have truly cultivated by remaining present, disciplined, curious, and imperturbable.
Exhibit #6,953: the trolls and their “we told you so” despite underperforming us by hundreds of banana bushels.
In other words, equanimity is one of the true pillars of character, and if you don’t have it, you will absolutely get hosed by a mind that cannot deal with what appears to you as an unfair, unjust, irrational, cruel market.
Those who have cultivated equanimity—- via meditation, or perseverance, or experience, or some combination thereof—-can skip the lizard brain’s panic signals and see:
We own the fastest growing companies that provide essential value and essential functions with a business models that make all historical businesses weep with envy.It is different this time because it’s way, way, way better than it has ever been before.
Look yourself in the mirror.
It’s okay to feel distress; but are you letting it rule your decisions? If so, you’re its prisoner and you won’t beat the market.
If not, carry on. This too shall pass and the trolls will retreat under their bridges soon enough. May we extend them compassion and hope they can turn inwards and see their anger and contempt and arrogance is not the only way forward.