One rule in the stock market is: “If you panic, panic first!” It’s about first-mover advantage under extreme pressure. Bull markets make you feel smarter than you really are. Bear markets make you feel dumber than you really are. It’s almost impossible to avoid feeling like a know-it-all when things are going up & a know-nothing when things are going down. That’s human nature. There are a lot of people who have made a lot of money in this bull market. So many investors have made life-altering amounts of money. This is a wonderful thing. 𝗕𝘂𝘁 𝗶𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝘁𝗼 𝗮𝘃𝗼𝗶𝗱 𝗹𝗲𝘁𝘁𝗶𝗻𝗴 𝘀𝘂𝗰𝗰𝗲𝘀𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗴𝗼 𝘁𝗼 𝘆𝗼𝘂𝗿 𝗵𝗲𝗮𝗱. 𝗧𝗵𝗶𝘀 𝗰𝘆𝗰𝗹𝗲 𝘄𝗶𝗹𝗹 𝗻𝗼𝘁 𝗹𝗮𝘀𝘁 𝗳𝗼𝗿𝗲𝘃𝗲𝗿. 𝗠𝗮𝗸𝗶𝗻𝗴 𝗺𝗼𝗻𝗲𝘆 𝘄𝗼𝗻’𝘁 𝗮𝗹𝘄𝗮𝘆𝘀 𝗯𝗲 𝘁𝗵𝗶𝘀 𝗲𝗮𝘀𝘆. The market will make you feel dumb again at some point … André Kostolany was one of Germany’s best-known stock market gurus. He is credited with the quote: “Those who have a lot of money can speculate,...