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Why does pessimism sound so smart?

February 16, 2016   |   News

We know the recent market environment has been tough.  These types of market swings have happened in the past and will most likely happen again.  They have always happened for different reasons (this time it happens to be mostly over concerns about China and oil prices).  This can cause us to conclude that the outcome will be different this time. 

Human nature has a tendency toward pessimism.  Pessimism can prevent us from conceiving the good of things yet to come.   Last week during our monthly cohort conference call with two other seasoned, successful, investment advisors to discuss investment strategies, one of them shared this short article.  It discusses our general affinity toward pessimism and some of the reasons behind it.  It only takes about 1 minute and 45 seconds to read.  We believe that you will find it interesting and helpful. (Please forgive the language in the first quote).   Why does pessimism sound so smart?

 We would also like to share a thought from Andy Stanley’s “How to be Rich” which centers around 1 Timothy 6:17:

 “Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain…”

Part of the value in times like this is that they can help us realize how much of our hope has migrated to our wealth.  Challenges gives us an opportunity to reflect and decide if we are placing our hope and security in the right places.  We believe the apostle Paul was on to something when he reminded us that wealth is “so uncertain”.  Worldly wealth was uncertain 2000 years ago.  It is now, and it will continue to be 2000 years from now. 

If you find pessimism creeping in, we encourage you to remember LifeGuide’s ninth investment management principle “Base your faith, contentment (and hope) in something other (and more certain) than your investment accounts”.  

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