“Volatility is a fee, not a fine.”
— Morgan Housel, The Psychology of Money, p. 158
Tap and hold the quote on mobile to copy with citation.
Insight
The price of long-term returns is short-term volatility. People who can't pay the fee don't get the returns.
Try this
Next market drop, write yourself a 1-line note: "this is the fee I pay." Don't check your portfolio for 30 days.
Affiliate links — as an Amazon Associate, ReadMinute earns from qualifying purchases and Audible trials at no extra cost to you.