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Edition #34: "That's the Type of Investor You Are"
Plus! Investor Amnesia, Solana, Evergrande, Lowest common denominator advice, and Cost of Living.
Compliment of the week: You’re just the right type.
🤷🏽♂️ “That’s the type of investor you are”
I’ll start off this newsletter with a rant about realizing the type of investor I am, then: Investor Amnesia, Solana, Evergrande, Lowest common denominator advice, and Cost of Living.
There are many times when I think to myself: “If X stock goes down, then I’m definitely going to buy.”
In March 2020, the market took a massive hit. The investments I was interested in were at fire-sale prices. Did I hoard the companies and cryptos I believed in? No, I didn’t.
I thought through how I behaved as an investor, and uttered to myself: “That’s the type of investor you are.”
When you’ve identified the type of investor you are, there are 2 clear directions to try:
- Change yourself and hope to improve
- Adapt your investing style to fit how you are
There’s a lot of power in starting with #2. Change is hard; why not work with what you already have?
