Are these things really better than the things I already have? Or am I just trained to be dissatisfied with what I have now?
In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it.
Selling, in particular, can be a challenge; many investors are tempted to become more optimistic when a security is performing well. This temptation must be resisted; tax considerations aside, when a security reaches full valuation, there is no longer a reason to own it.
Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator of investment opportunities (where price departs from underlying value), you have the makings of a value investor. If you insist on looking to Mr Market for investment guidance however, you are probably best advised to hire someone else to manage your money.
The inability to hold cash and the pressure to be fully invested at all times meant that when the plug was pulled out of the tub, all boats dropped as the water rushed down the drain.
When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds.
Be sure that you are well compensated for illiquidity - especially illiquidity without control - because it can create particularly high opportunity costs.
We are as the flute, and the music in us is from thee; we are as the mountain and the echo in us is from thee.
The world stands on absurdities, and without them perhaps nothing at all would happen.
I believe in the importance of individuality, but in the midst of grief I also find myself wanting connection - wanting to be reminded that the sadness I feel is not just mine but ours.
This was something that was obsessing me and creating a writer's block. To get involved and get stuck in, get the proper information about what's going on has really helped.