Haptic

What happens every downturn: - Some people predicted it, they will let you know (just don't ask them about the other 5 times they predicted downturns that didn't happen) - Good quality stocks suddenly become bad stocks. Perceived quality of a business follows sentiment, which follows price - As prices fall you will get warnings about it falling further "this time it's different" (every time uncertainty happens it's different) - News & Media will share alarming headlines to both get clicks and in turn further perpetuate the downturn. They don't care about you or your investment returns, they care about getting engagement - Fear driven decisions will be rationalized and acted upon as data driven (people are good at finding whatever data they want to justify their opinions) - Good investors will work hard to view things how they actually are, not how they want them to be. The best investors historically are emotionally detached from politics - Good investors don't allow stock price to determine sentiment on quality of a company, the raw data and well grounded expectations of the future determine sentiment