I think that one way for people to avoid the mind sets that you explained in participating in other activities. Do not make work your life. Be with your family, get a hobby, write a blog ;). When you have other focuses, loosing a job is not so hard.
Thanks, Nate
Misty Jane
· 7 months ago
Good comment. I would add this: Look around and find someone to help. Everyone is needed somewhere. MJ
The Weakonomist
· 7 months ago
Nate you are 100% correct. That's a great addition.
BobD
· 7 months ago
Great Article....There are several who need to hear this message
I would tell him to: A) Not write articles so long B) Stop complaining about that fact that he didn't take ownership of his own money C) Not waste 30 minutes of my time when all he had to say was on the second page:
"It turns out that my crucial mistake was believing that the brokers and wealth managers and cable-television oracles who make up the financial-services industrial complex actually had my best interests at heart"
D) Learn from your mistakes and move forward. He's one of the "terrified".
James
· 7 months ago
Flexo,
Another great posting. I think whats likely to happen is that people who have lived through this period of uncertainly will likely be more risk averse in the future. Its hard not to get anywhere for 10 years and not have it leave an impression on you.
Best,
James
Mike
· 7 months ago
"C) Not waste 30 minutes of my time when all he had to say was on the second page"
Don't exaggerate; this article takes 5-10 minutes to read, max.
Ben
· 7 months ago
Our Terrified friend must forget about the past. Rule number one of the investment rules he learned was that past performance is no indicator of the future. That goes for the good years and the bad years. Don’t pull out of the market, because if the month of March has taught us anything it’s that the best returns come right after the worst ones.
Atta way to ignore the Rule Number One right after you state it.
All Comments
Thanks,
Nate
MJ
http://www.theatlantic.com/doc/200905/goldberg-...
A) Not write articles so long
B) Stop complaining about that fact that he didn't take ownership of his own money
C) Not waste 30 minutes of my time when all he had to say was on the second page:
"It turns out that my crucial mistake was believing that the brokers and wealth managers and cable-television oracles who make up the financial-services industrial complex actually had my best interests at heart"
D) Learn from your mistakes and move forward. He's one of the "terrified".
Another great posting. I think whats likely to happen is that people who have lived through this period of uncertainly will likely be more risk averse in the future. Its hard not to get anywhere for 10 years and not have it leave an impression on you.
Best,
James
Don't exaggerate; this article takes 5-10 minutes to read, max.
Atta way to ignore the Rule Number One right after you state it.