If you attend investor meetings in various market cycles, you realise that there is a pattern in the questions. In a typical bear market, the questions tend to focus on challenges and risks, whereas in a bull market, the focus shifts to opportunities.
See the following post and the article on which it was based:
A good story is seen with suspicion in a bear market under the influence of fear and doubt, whereas questions are set aside when greed takes over – a typical bull market.
It is important to understand that in all market citations, there are opportunities and challenges. However, neither can be controlled by individual investors or advisors. We can at best take advantage of these. Or we can protect ourselves from the negative impacts of these.
That is possible only if we focus on what is in our control and what is not.
Read the “Serenity Prayer” (Page 199 of the book) and the subsequent discussion.
#RidingTheRollerCoaster – 126