Certainty vs. Control: A Crucial Distinction
Risk and return are two sides of the same coin. There simply is no prospect of meaningful, real return without exposure to some risk. Experienced investors understand this, and accept the reality that successful investing will require both patience and discipline. Although there is no way to predict or control the ups and downs of markets, there are four controllables that can have a profound impact on real returns.
A Stoic’s Guide to Investing
Stoicism, the ancient Hellenistic philosophy, is making a comeback these days. Warren Buffett, Jeff Bezos, and Mark Zuckerberg are among a large and growing number of super-wealthy people who have embraced the tenets of Stoicism. If you’re concerned about your investment portfolio, it might be a good idea for you to look into it as well.
