I became financially independent in 2008 at age 27. Or as my Father likes to say, I retired. Yeah right. It’s more like you exchange security for total insecurity.
How would this affect you emotionally, psychologically?
Would two or three bad years in a row cripple you?
At what point would your investment strategy start to crumble by these emotions?
Am I mentally prepared to perhaps go to my wife and tell her I failed and can’t support us anymore? That I need to get a job, that she needs to get a job.
More from Ian Cassel
Great post. Lots of similarities with how you invest and successful microcap investing. The first bet is about the broad strokes. The subsequent bets is when you see the details fill in and average up. Buy low and then don’t be afraid to buy higher - sometimes aggressively.
Spoke to a group of students from London School of Economics this morning. So many great questions. As usual, multiple Qs gravitate around \u201chow do you know?\u201d Or how did you know or how could you know? It\u2019s the reason I wrote this. https://t.co/aECMjIFxw0
— Ho Nam (@honam) June 27, 2021