It's analogous to Impostor Syndrome that you can read about past market drawdowns and think "This was obviously a transient problem; I would have bought." And then when you experience one, it's more like "Aha! At last, a big drop in the market for a *very good reason*"
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Replying to @ByrneHobart
Similarly I think a lot of people are going to get bailed out on their predictions that Trump, tech valuations, the Fed, trade war with China, Brexit, etc etc were sure to cause a calamity.
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Replying to @patio11 @ByrneHobart
this is the first envelope in the "prepare two envelopes" process
5:45 AM - 28 Feb 2021
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