American Consequences - February 2019

T he old adage on Wall Street is to not get too emotional... “Don’t get married to a stock,” is how it’s often said. I never had that problem. I never got angry when a stock went against me, nor did I get too excited when one went up. People around me saw this as a kind of cool-handed detachment, but I really didn’t have control over it. Much later in life, I was diagnosed with a low-grade depression called dysthymia (see more about dysthymia on the following page), which I apparently had for a very long time. It gave me clarity during my trading years, so if I was in a bad trade, I’d bail. There’s a big difference between a trade and an investment. It’s like the difference between a one-night stand and a committed relationship. But regardless, the truth of the matter is that we’re all just renting stocks. There is no happily ever after, because eventually a newer, younger, and prettier company enters our lives, and we forget about and move on from the previous relationship. So no matter what – do not ever propose to one of your trading ideas. There’s no such thing as true love on Wall Street.

By Turney )YǺ

American Consequences 53

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