He's Just Not That Into You
My mom moved us to Beverly Hills so
I could attend Beverly Hills 90210
(the show was based on my high school).
I was above average in looks.
I was captain of the Cheerleading squad.
But high school boys just weren’t that into me.
It hurt.
It made me feel undesirable.
But I learned an important lesson.
I wasn’t going to chase a boy if he didn’t like me.
To me, that was a market signal.
Similarly, investors get in trouble if they chase an investment.
Just like a girl might get into trouble if she decides to chase a boy.
The value of my stock wasn’t very attractive as an average girl living among rich girls.
Most high school kids don’t know what the future holds.
But some of us have a sense of direction.
For me, it was
- get out of LA,
- go to college, then
- my future would be bright.
The last few weeks in the stock market hurt.
Short-term investors were too worried, gave up, and sold.
They were crying over The Fed trying to crush inflation.
We can’t control Mr. Market.
So stop obsessing about him and move forward and have a view of the future.
I wrote to my clients last week that I thought The Fed would blink.
Mr. Market and my economic professors at #ucberkeley have taught me well:
- the straightforward relationship between interest and exchange rates.
Like the interest a high school boy has in a girl can drive an exchange.
or just like the lack of interest, a high school boy has in a girl won't drive an exchange ;-)
Mr. Market taught me that when we make decisions based on emotion, we get into trouble.
Do not chase a boy, and don't do whatever everyone else is doing.
Thank you to my favorite University of California, Berkeley #economics professors, Maurice Obstfeld and Barry Eichengreen with helping me navigate this crazy economy and #stockmarket !! #investment If you need some help making sense of the market and economics you know how to call.
Your Friendly Wealth Engagement Guide,
Tiffany Kent
Tiffany@wealthengagement.com
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