The best time to learn a lesson is after you make a mistake. And the second best time is when you didn’t.
All of our Financial Zen Members, except for one, stuck it out over the last 24 months.
It wasn’t easy for either of us! (I’m not gonna lie, doing performance reviews – especially with new members – in the middle of a downturn is not fun.)
But you stuck with it. WE stuck with it. And so now is a great time to deepen the mental grooves you just formed.
Here’s the lesson from 2022 and 2023…
When Mr. Market is acting like the biggest a-hole in the world, he’ll ALWAYS eventually see the error in his ways and buy you beers when he comes to his senses.
And that’s why you never take his bluster seriously enough to unfriend him.
Remember where we were last year? The ENTIRE universe was screaming about the impending doom of the imminent recession.
They said the 8% we recovered off the lows in October 2022 was a head fake and the world was about to collapse…
…well it didn’t.
And anyone who had the fortitude to stick it out just clocked a 20%+ return for 2023.
To paraphrase Charlie Munger: Usually, the hardest (and smartest) thing to do is… nothing.
So congrats on doing nothing. We definitely earned our 20%!
