QOTD: The Merry-Go-Round
Courtesy of Joshua M Brown
My friend Ivanhoff has nailed a very important truth here:
“The stock market is not a place, where for one party to win, another has to lose. It is a place, driven by cycles – periods, when almost everyone is a winner followed by periods, when almost everyone is a loser. Everyone could make a lot of money during market rallies, when liquidity and performance chasing lift all boats and trump all bad news. Not everyone keeps that money when the inevitable correction comes.”
Something worth considering as you step in front of that steamroller for the very last nickel you feel entitled to.
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