Quote for the Week
In the stock market, the most important organ is the stomach. It’s not the brain.
On the way to work, the amount of bad news you could hear is almost infinite now. So the question is: Can you take that? Do you really have faith that 10 years, 20 years, 30 years from now common stocks are the place to be. If you believe in that, you should have some money in equity funds. It’s a question of what’s your tolerance for pain. There will still be declines. It might be tomorrow. It might be a year from now. Who knows when it’s going to happen? The question is: Are you ready—do you have the stomach for this?
Most people do really well because they just hang in there…
You’ve got to look in the mirror every day and say: What am I going to do if the market goes down 10%? What do I do if it goes down 20%? Am I going to sell? Am I going to get out? If that’s your answer, you should consider reducing your stock holdings today. — Peter Lynch (source)
From the Archives
Last Call
- Is FOGO The New FOMO? – Teachable Moment
- The Bear Markets – A Wealth of Common Sense
- The World’s Cheapest Stocks – Verdad
- Venture is Dead (Again) – Colossus
- The World’s First Ever Bonds – Buy the Dip
- The Rise and Fall of America’s Local Service Airlines – ABHC
- Black Friday PSA – Worse on Purpose
- We Need More Goat Sacrifices – Experimental History
- How the Phone Book Taught America to Ask for Answers – JSTOR Daily
- The Afterlife of Pi – Pudding