Doing nothing... I already talked about it in my last post. Have you ever noticed how difficult it is? Even when you set out with the firm intention of slacking off, it is often impossible. There is always something or someone stopping you. A little invitation here, a little favor there, a phone call here, a crying baby there... And even if all the conditions are met to stay calm, we come up against our old demon, our cursed inability to stay inactive for more than a minute.
In investing, it even took me several years to learn to just do nothing! Two major stock market crashes eventually got the better of this unhealthy thirst to buy, sell and stay glued behind my screen analyzing the variation in stock prices. You have to have your head buried up to your neck to finally understand that all this agitation is perfectly useless. We know it from the beginning, but we can't do otherwise, at least not until we have experienced it, with all the negative aspects that it implies.
In life, it's like investing, most of the time we run in a sterile way. We get agitated, we get excited, and in the end we find ourselves at the same point as if we had remained doing nothing. Very often it would have been better not to act. This is a constant of humanity and it is valid for individuals, companies and even States. We only have to see the inefficiency of most governments and the work of destruction they can demonstrate.
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Thanks Jerome, particularly relevant article on a Sunday! Two comments: 1. we are not indolent animals and 'movement' (being busy, moving, ...) is life and, more importantly in finance 2. the financial industry is paid on the agitation of its customers, so the framework is false, we only obey a strong incentive current to make the machine work and spend. It is the equivalent of the incentive to consume for non-essential products.