The stock market took a nosedive yesterday. Prices plummeted and red numbers scrolled across every screen. Fearful headlines dominated the news and social media.
It’s not uncommon for the market to drop quickly as it did yesterday. In fact, it happens all the time. That doesn’t stop people from getting caught in the emotional wave of fear. It’s just numbers on a screen but it represents people’s money and people are emotional about their money.
Every time the market rises or falls in a significant way, I return to the foundational discipline of patience. Stock prices go up and down every day. Some days more than others. My only interest is where the market and prices are over the next 10-20 years. Daily fluctuations are of no concern to me.
This lesson is bigger than dealing with down days (or months) in the stock market. It’s critical to your mental and physical health, parenting, marriage, skill-development, leadership, competitive approach, and countless other areas where the bigger objective needs to hold more weight than the fears or disappointments of any days along the way.
Everything is training for something. Do the work.
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