is logical and makes sense on a lot of levels. Learning to focus on the things that you can control whilst discounting or ignoring things that you can’t control can be especially helpful – not only to your investments but to your everyday life and well-being.
I don’t know about you, but I’ve probably spent far too much time ‘on’ Brexit over the last few months. This is perhaps understandable, but I’m disappointed with myself for letting it get under my skin especially as it is definitely something that I can’t control or influence in any way. All I seem to have done is developed a low-level sense of anxiety and foreboding that I can’t shake. Not good.
The last time I felt like this was about a decade ago as the great financial crisis was playing out.
Late 2016 I took the decision to ‘unplug’ from the many and varied financial and economic RSS feeds that I then consumed daily in-between the dozens of daily visits to Bloomberg and Reuters. Once recovered from going ‘cold turkey’ I noticed two things: I felt better and had more time to focus on things that I can control.
So, here we are in Spring 2019 and for me It’s time to let go of my Brexit fixation, ignore the constantly updating media and to save the battery on my iPhone. The kids are on holiday at the moment so I might even ‘unplug’ for a day or two this week as suggested in this excellent NYT piece on why ‘making yourself inaccessible from time to time is essential to boosting your focus
One last thing before I ‘unplug’, remember the constant speculation about what will happen if Trump were elected? Regardless of what you think of the man the capitalist world has continued doing what it does – efficiently allocating capital (mostly) and generating a fair return on risk assets for market participants. I suspect that post Brexit the capitalist world will just ‘rinse and repeat’ as we suggested in out November 2016 blog ‘ Election News: Stocks STILL Reward Patience
Note to my post-Brexit self: write a follow-up blog titled 'Brexit News: Stocks STILL reward patience'...