Behavioral Thought of the Day

| January 26, 2019
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This paragraph is from The Behavioral Investor by Dan Crosby is a must READ, must PRINT, must REMIND, must SHARE:

“Think about the most meaningful thing you have ever done. I would wager that it took a measure of risk, uncertainty and hard work to achieve. In this, as with all risk, comes a valuable lesson: to strive for certainty is to doom oneself to mediocrity. Nothing is less safe than playing it safe and nothing guarantees loss like trying to avoid it. Consider the person who remains unattached to avoid the risk of heartache and finds loneliness in the process. Or the wold-be entrepreneur who never makes the leap of faith and wastes a career working at jobs they hate. Or the investor paralyzed by fear of volatility that arrives at retirement with resources inadequate to meet their needs. Indeed, the irony of obsessive loss aversion is that our worst fears become realized in our attempts to manage them.”

WOW!


Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O


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