By James E. Wilson via Iris.xyz
I read an interesting comment Coach Frank Martin made to his U.S.C basketball team after losing a couple games towards the end of the regular season. He told them, “adversity is part of the deal”. Indeed, that is so in every aspect of life. If the stock market goes down a few days in a row, that’s part of the deal. It should be expected, anticipated, and embraced. Coach Martin’s team used adversity as fuel for the most exciting postseason run in the history of Gamecock basketball. The very same lessons can be translated into your approach towards investing.
If you pay any attention to the financial media noise on a day-to-day basis, you are left with the impression that markets should only go in one direction and that it is “news” when they don’t.
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