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Transitory Bear Markets, the Power of Doing Nothing, & Big Tech's Dominance | Ben Carlson

Mind Your Money

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The Importance of Having a Time Horizon

I'd definitely remember some phone calls in March of 2020 with smart people who had these apocalyptic visions that thankfully never came true, but they made a lot of sense. And I think that's what makes moments like March of 2020 so terrifying. It's easy for when things are going well, like today, to try to imagine say, oh, how would I feel if the market fell 40% and be like, oh, I would view it as an opportunity. But then when you're in that moment in October 2008 or March of 2020, it feels different. Even if you have like your head is completely screwed on straight, it's a very different emotion than you anticipated it would be.

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