You know how people casually say “I think it’s safe to assume…” Let’s keep that to activities where failure is a tolerable option… Hope you enjoy this week’s Wealth Diary by Jonathan Treussard, Ph.D.
I Help High-Net-Worth Investors Align Their Wealth Seamlessly With Personal Goals & Aspirations 🎯 | Wealth Management 💼 | Ex $150B Global Asset Partner | 📜 Economics Ph.D.
Blindly assuming *anything* is poison: →Don't assume the market only goes up. ...and... →Don't assume the market is bound to go down (and don't assume that *somehow* you know when). Take a hard look at: - Historical data. - Your own biases. - What you know that just ain't so. →The past does NOT owe us a repeat performance. →The future does NOT owe us something radically different either. Be prepared to be WRONG. And even then, be prepared to act with calm, dispassionate decisiveness. It never stops. That's the good news. ♻️ Repost this to your network to share these insights now ♻️