Good morning, good afternoon, good evening. Depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management and on today’s episode of “Seeking Wisdom, Wealth, and Wellness,” I want to talk about what’s easy and what’s hard.
In the past several decades, when I tried to communicate with someone about buying, investing in the stock market, or investing in real estate, whatever it happens to be, what gets the most repulsive response at a moment in time, the stock market or real estate for example—”I don’t want to do that.”
Well, at the moment that someone emotionally, completely rejects the notion, you kind of scratch your head and say, “Why is there such a visceral reaction? That’s absolutely got to be the wrong thing to do.” If everyone has such a visceral reaction that’s the absolute wrong thing to do—it’s probably the right thing to do. That means you’re buying what no one wants. And like a seesaw, when things go to an extreme that no one wants, the opportunities are best. And when everyone wants something, “Got to invest in the stock market. Got to invest in the real estate market. You know, it’s a no-brainer!”
Well, if everyone thinks it’s a no-brainer, that means there are too many people invested. Prices are likely elevated and the opportunity set is not as good going forward. Just ponder that when you make decisions that seem obvious and absolutely so certain at a moment in time. Ponder your certainty for your own long-term Wisdom, Wealth, and Wellness.
Have a great day.
