NoiseLess

That’s…

…where one wants to be.

Really tough though.

Something or the other keeps the connection on.

One gravitates towards noise.

It’s like a short circuit.

That something, …

…consisting of harmful information…

…finds a way…

…to make one plunge into it.

Switch off, one hears?

Right. Fair words. That’s when the devils start to rise.

One has just switched off, and the next person one meets blurts out the information which one least needs. By default.

Did you see? The benchmark was down 2%. Or. Oh what a crash today. And. How much is your folio exposed to XYZ?

Ideally – market action, and then other stuff. If not other stuff, then other uncorrelated market action. Then other stuff. Not market info all the time – one doesn’t want that at all. Everyone hovering around sees to it though.

Solution?

Mindset.

Belief in system.

Confidence.

A decoupled system.

Not doing it like institutions do.

Working as per its own rules.

Rules made by – self.

No one else knows these rules. They don’t apply to anyone, except to – self.

Since one’s system’s got its own set of rules, guess what doesn’t apply to it?

Right. Noise.

And because one knows it, guess what got that much stronger?

The ability to deflect the culprit.

Noise – thrown at – self – self – deflects – deftly.

Without the poison, …

…the rest, …

…they say,

…will be History.

An Anatomy of Loss Aversion

Just ask…

…a doctor…

…about the toughest course at medical school.

He or she will probably say…

…anatomy.

Well, cut to the stickiest field in market play.

You got it.

Loss aversion.

Is a thing, and is…

…not a thing.

Depending on the on-off switch.

Switch is off, and you don’t need to bother about how much your stock is down.

There is something in the story telling you that the broad market is wrong.

Gross discounting and mispricing.

So gross that you’ll buy more?

Maybe.

So gross that it scares you into capitulation?

Because you’ve lost faith?

Your story not sticking?

Welcome to a world where this particular switch has, for you, just turned…

…on.

And in this world, the Sun doesn’t shine so bright.

Your food doesn’t taste so good.

Your mood is below par at best.

Your ego just took a huge hit.

You were wrong.

Now you are either facing up to it, or…

…averting the gaze of your loss.

This is a common storyline. Happens all the time. To all of us. Please…

…don’t beat yourself up about it.

1). Since belief is gone, so must the stock … go.

2). From the remnants, buy into something where the story is rock solid, and where perhaps some margin of safety exists too. Basically buy where your maximum tick-marks hit.

3). Move on. There’s so much to do in life.

Once a switch goes on, please…

…keep the torture phase down to…

…zero.

By following steps 1). 2). and 3).

Till the time that a switch goes from off to on, till that time comes, please…

…enjoy your life in your world where the switch is off.

Please…

…don’t sacrifice off-time by behaving like it’s on-time.

Off-time means time and space to make some great calls elsewhere, those that come in handy, especially when a switch turns from off to on.

You know the next step.