Sorry for the spartan posting schedule of late. As my fellow investors know, this is arguably the busiest time of year as we combine earnings season with reconciliation of our year-end numbers, writing the partner letter, getting the K-1s prepared. In others, I'm busy as hell. :)
In any event, I've got a bunch of half finished posts saved as drafts that I hope to get to in the next day or two. In the meantime, I wanted to offer up this quote that came into my Inbox today from Ned Davis Research. Ned Davis provides some of the most original and balanced analysis on the market I've ever come across, it's a rare thing when a market pundit is willing to simply say, "Looks like I was wrong." NDR is always willing to do that, kudos.
Enough banter, here is the quote:
"The degree of unprofitable anxiety in an investor's life corresponds directly to the amount of time one spends dwelling on how an investment should be acting rather than the way it actually is acting."
I believe this is what makes great investors. It's MUCH easier said than done, but poignant nonetheless.
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