Think Laugh Cry

Markets ignore your feelings...yet move on them every day. Where do facts end and meaning begin? And what happens when you mistake one for the other?

THINK

One of the quiet assumptions beneath modern life is that the mind and the world occupy separate domains. One is private and subjective. The other is external and objective. Facts are treated as fixed. Feelings as unreliable. And yet our experience of the world rarely arrives without interpretation already attached.

This assumption feels especially necessary in markets.

Investors learn quickly that markets do not care about their feelings. Conviction does not protect capital. Hope does not move prices. Belief, no matter how sincere, does not bend outcomes. The discipline is to analyze the facts, not how those facts make you feel. Feelings, more often than not, betray the investor.

That lesson matters. It has saved more accounts than any indicator ever will.

But it is also incomplete.