In the annals of history, Napoleon's wisdom echoes.
A soldier, fresh from victory, stood before him. Promotion on the line.
Napoleon asks, "What did you do after your victory?"
Not idle curiosity -- a test.
A test of consistency, of relentless pursuit. Success isn't a one-off event. It's day-after-day excellence.
Flash forward...
The S&P 500 leaps another 1.38%. Bonds climb 2.35%.
Good news?
Yes.
But it's not a victory lap moment. It's a heads-down, stay-focused signal.
In the market's ebb and flow, today's win is tomorrow's baseline. We don't just celebrate, we re-calibrate.
Napoleon knew it. We should too. Success demands more than a fleeting triumph.
It's about what you do next. And next. And next. Keep your eyes on the prize.
For example, first thing yesterday morning, I was hiring a new tech concierge to help members navigate Portfolio Boss.
I know from experience that a new bull market brings in tons of new people.
Better to be proactive than reactive.
Switching gears...
...isn't it interesting how all those bears -- despite their 50 bajillion pieces of "evidence" and their wave counts, and their trend lines, and their patterns -- were insanely wrong?
You know what's even crazier?
The Twitter account I follow to get a pulse on what traders are thinking...
...after getting it wrong this whole time, he now says we have to be worried because Powell is "spooked."
These people never learn.
If you found yourself caught up in the bearish hype, let this lesson be forever burned into your noggin'.
The public is years behind on average. The markets are forward looking.
That's why trading with a statistical edge works so well.
Heck, my simple "7-lines" strategy from my book, Outfoxing Wall Street, easily beat the majority of investors -- and it's so dang simple that even an economist could understand it.
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