The financial markets have turned upside down in the past one and a half years due to the global pandemic and government lockdowns. It’s interesting to see that people arrive at vastly different conclusions from the same financial event. While some people have made a fortune beyond their wildest dreams, others have incurred huge losses when they are on the wrong side of the market.
I congratulate you if you made some right decisions and turned crises into opportunities. But I want to spend more time encouraging those who didn’t do well.
In the course of my financial advisory work over more than a decade, I have talked to many investors and ex-investors (who give up investing) about their investment successes as well as their failures. An interesting thing I have found is that how poorly people are prepared to accept losses. Few people can accept that losing money is part and parcel of investing....