I greatly appreciate the reassessment of your approach. There are (likely) many high growth investors who say they are sticking with a saas only 10 max stock approach. Though many times, things aren’t truly different, the European dynamics on top of COVID are different. It’s probably wonderful to be wealthy enough to wait for the market to shift back up, whenever that is. But if one doesn’t account for the present, are they thoughtful, or anchoring? All the research in the world on how dynamic a growth company is cannot overcome the reality that is.
I’ll be thinking more on what I’m doing; your post encourages me to be more neutral and less wedded to what might happen, and look more clearly at what is happening.
Yes, I held on for too long and should have been more flexible earlier. I think research is a double edged sword. It can give one a false sense of confidence. The world is full of unknowns and flexibility is key. I don't know why it's not more popular.
Indeed. I have some I need to let go of…And hold back from most dips (too inexperienced).
Nature is flexible. Humans can be flexible but when anxious, (like this moment: COVID, war, losing lots of money on paper, etc) more likely run on instinct/feelings. No amount of intellectual material/research can override anxiety. Thinking through feelings, beliefs, assumptions, is asked for to achieve more clarity.
Thinking is objective, flexible, open, a process that includes as much info as possible, even counter narratives. Easy to say, hard to apply when feelings are high.
My best guess is we will find the bottom over the next three months. It will be telling to hear what the Fed has to say next week. Thanks for commenting.
I greatly appreciate the reassessment of your approach. There are (likely) many high growth investors who say they are sticking with a saas only 10 max stock approach. Though many times, things aren’t truly different, the European dynamics on top of COVID are different. It’s probably wonderful to be wealthy enough to wait for the market to shift back up, whenever that is. But if one doesn’t account for the present, are they thoughtful, or anchoring? All the research in the world on how dynamic a growth company is cannot overcome the reality that is.
I’ll be thinking more on what I’m doing; your post encourages me to be more neutral and less wedded to what might happen, and look more clearly at what is happening.
Yes, I held on for too long and should have been more flexible earlier. I think research is a double edged sword. It can give one a false sense of confidence. The world is full of unknowns and flexibility is key. I don't know why it's not more popular.
Indeed. I have some I need to let go of…And hold back from most dips (too inexperienced).
Nature is flexible. Humans can be flexible but when anxious, (like this moment: COVID, war, losing lots of money on paper, etc) more likely run on instinct/feelings. No amount of intellectual material/research can override anxiety. Thinking through feelings, beliefs, assumptions, is asked for to achieve more clarity.
Thinking is objective, flexible, open, a process that includes as much info as possible, even counter narratives. Easy to say, hard to apply when feelings are high.
My best guess is we will find the bottom over the next three months. It will be telling to hear what the Fed has to say next week. Thanks for commenting.