Courage is needed in investing. If you read articles by老朽兄:

回答: Positive Carry and Some ExplanationsDavid_S_Meng2020-11-20 06:19:15

in the 1990s he sometimes even used credit card.  He used up all his bullets.  It took a lot of courage.  And 老朽兄 is very successful.  Someone may not feel the need for courage until he or she actually tries to do it.  My positive-carry math made sense.  The long-term plan should work out fine.  But to actually execute it, I was nervous when I did the clicks.  It was courage that helped me to execute it.  I had to remind myself to focus on the math and ignore my emotions.

 

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常人一般长期投资也不会一下五十万买S&P的。。 -喜喜哈哈- 给 喜喜哈哈 发送悄悄话 (227 bytes) () 11/20/2020 postreply 14:52:43

你的问题还是只看到赢面 没有意识到高风险的存在。good luck。 -Progressive- 给 Progressive 发送悄悄话 (0 bytes) () 11/20/2020 postreply 20:25:35

Please see my response: -David_S_Meng- 给 David_S_Meng 发送悄悄话 (1026 bytes) () 11/21/2020 postreply 07:26:35

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