No. of Recommendations: 1
I'm not sure if...I do, in fact, have a strategy. It's too soon to tell.
If you haven't written it down in concrete, explicitly measurable terms, you don't have a strategy; you're operating on intuition/instinct/gut feelings/habit. And that can be colored by the emotion of the market, whether subtly or greatly.
It's like having a written down business plan, only you're the business. The plan guides you and keeps you on your path regardless of the emotion of the moment. Business plans, and strategies, should be changeable as times change, but they should be hard to change so as to be sure times really have changed, rather than just seeming like it in the present turmoil.
Investing history is rife with this time the market is different when no, it isn't; it's just in a temporary uproar.
Eric Hines
