Don't Just Do Something, Sit There

Markets have a funny way of lulling us to sleep and fooling us into dreaming about a price graph that goes up and to the right. When market volatility is muted for long enough, the slightest tremors can cause fear and anxiety. I’ve read the books about behavioral finance and have spent hours with behavioral experts, and yet two weeks ago, a market sell-off in SPACs had me questioning my entire investment thesis. SPACs retreated 20% in a few days and have stayed down since.