Aug 1, 2024
There's a quote often attributed to Albert Einstein: "Insanity is doing the same thing over and over again and expecting different results." As an investor, especially if you manage someone else's capital, you have to be slightly insane.
During market manias, time slows down to dog years. You have to keep doing the same (rational) thing but expect a different outcome, knowing that at some point it will come.
📩 Join 89,000+ readers on my weekly email newsletter: https://investor.fm/signup-for-articles/
📚 Get my books:
Soul in the Game - https://amzn.to/43CF73v
The Little Book of Sideways Markets - https://amzn.to/3QWTlqZ
Active Value Investing - https://amzn.to/3u8zn3A
WHO AM I: Vitaliy Katsenelson is the CEO of Investment Management Associates (IMA) in 2012. Forbes Magazine called him "The New Benjamin Graham." He's written for publications including Financial Times, Barron's, Institutional Investor, and Foreign Policy.