Investors study and digest the environment around them and assume that whatever trends are in place now will continue into the future.
Kids are the best.
They say the funniest things, and they don’t mind telling you exactly how they feel. They’ll give you the unvarnished truth, whether you want it or not.
My four-year-old can get grumpy sometimes, as many four years olds can. It’s hard not to laugh when he gets upset, as he crosses his arms, puffs up his bottom lip, and gives a stomp and a humph. This sequence is usually followed by the declaration, “Daddy, I’m going to be upset forever.” He emphasizes the “forever” part, and with his toddler accent, he pronounces it “fo-evah!”
In your head, you can recite that “fo-evah!” comment, along with the look you might imagine, and understand why I find this to be both adorable and humorous.
What exactly is he doing? He’s doing what every preschooler does – he’s taking his current feeling and projecting it into perpetuity (for-lev-uh!). He’s doing what most investors do. Investors study and digest the environment around them and assume that whatever trends are in place now will continue into the future.
Links mentioned in this episode:
Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
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