In short, I was bearish back in February at the top. I even held S&P puts. But I was also bearish at the bottom. Being wrong isn’t what matters; what matters is recognizing it, staying flexible, and not becoming too anchored to your own vision. You work with your own framework, but you have to accept that it can be challenged at any moment.
Yeah tune out the noise. Lots of incredibly cheap companies out there, pretty sure the farmer down the road or the owner of the dry cleaner doesn't panic about the SP500, but if they just block and tackle they will do well over 40 for 50 years.
In short, you were bearish at the bottom of the large decline earlier in the year and you are bullish at the current top of the subsequent recovery.
In short, I was bearish back in February at the top. I even held S&P puts. But I was also bearish at the bottom. Being wrong isn’t what matters; what matters is recognizing it, staying flexible, and not becoming too anchored to your own vision. You work with your own framework, but you have to accept that it can be challenged at any moment.
Yeah tune out the noise. Lots of incredibly cheap companies out there, pretty sure the farmer down the road or the owner of the dry cleaner doesn't panic about the SP500, but if they just block and tackle they will do well over 40 for 50 years.