Title: You Have the Watches, But We Have the Time - A Teachable Moment
Headings: You Have the Watches, But We Have the Time
You Have the Watches, But We Have the Time
1. Paying attention to volatile quarterly earning reports.
2. Focusing on monthly economic statistics while ignoring the overall trend.
3. Reacting to international and political turmoil, which is ubiquitous.
4. Being at the mercy of natural disasters which have become all too common with the warming of the planet.

Content: He states, “The investor lacks the temperament for the ups and downs of daily market action. They are used to a longer timeline, slower turnover, lower taxes and smaller fees. Their folly is the arrogant assumption that they can adapt and exploit whatever they think those dumb traders are doing. Huge mistake.” Often the warnings of experts like Mr. Ritholtz are ignored for the opportunity to pursue fools’ gold. This mistake is common because the individual investor’s greatest enemy is himself. If you can control the addicting impulses of fear and greed, the opportunity to fight and win a long war is there for the taking. Over time, markets go up. The choice of not to play this long game because of the fear of losing some daily battles is a bad decision. This will have dire long-term consequences in your pursuit of creating wealth.