The Hard Truths of Mr. Market

(edited transcript) … One of the things we like to talk about with clients is really the reality of what we deem Mr. Market. The uncomfortable truths of Mr. Market. He doesn’t care about your goals. He doesn’t care about your timelines. Get that all the time. “Well, I’ll call it a high growth portfolio.” Doesn’t care what you call your portfolio. Doesn’t care how much risk you take. Doesn’t care what kind of timelines you have, or goals you have. It doesn’t care about your politics. Doesn’t care about what might be going on in your personal life. And we look at the market moving in a certain direction that, again, feels so different. If it’s moving in a positive direction and our feelings are so negative, as this almost betrayal by the market. Certainly at least a confusing fact. What you do with the treasure that you hopefully build over time from the market? Absolutely deploy. These things are important. They’re just not important, really to the market most of the time. And so helping people bridge that gap so that that kind of confusion, doesn’t lead to some kind of a counterproductive decision. We view as one of our vital goals. Certainly, we’re going to empathize with people what they’re going through. But we have to try to, if we’re going to successfully work within this machine that is in and of itself, pretty unemotional. And when we’re working with that machine, we have to try to put that same kind of mindset on and view it through the same lens that the market is going to view it, to make good decisions.

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The Hard Truths of Mr. Market

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