Don’t let what you cannot do interfere with what you can
“Investors should take note. Have a repeatable sound plan and stick to it. In the long term, mean reversion will be the great equalizer.”
Blaming the umpire does not work. If investors get caught looking at a called third strike, it is their own fault.
Sports, like investing, is about sticking to a repeatable routine through both bull and bear markets.
“It does not matter if your 0-for-4 or 4-for-4 the night before, just keep sticking to that routine and go out there and play hard.”
This is sound advice from (a sometimes unsound) ex-Yankee, Alex Rodriquez, to rookie, Aaron Judge. As is the case in sports, temporary outcomes should never overrule a long-term process, especially when it comes to investing.
Read the full article here.