Why ignoring your inner caveman will make you a better investor
Morgan Housel is spot on when he writes that 99 per cent of good investing is “doing nothing” and the other 1 per cent is “how you behave when the world is going crazy”.
Under the Wave off Kanagawa (known as The Great Wave) is Japan’s most iconic artwork. Hokusai’s woodblock print balances the yin of a raging, chaotic sea with the yang of the calmly enduring Mount Fuji. It is a portrait of resilience in the face of chaos.
The wave’s power reflects nature’s dominance and the importance of adapting to forces beyond your control. The fishermen on the boats aren’t panicking; they are calmly working together with determination to ensure their long-term survival.
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Tim Mackay is an independent financial adviser at Quantum Financial.
