The Stockdale Paradox
As people (and investors) we need to find a balance between two competing thoughts: the realism of today’s circumstances, and the hope of long-term success.
As people (and investors) we need to find a balance between two competing thoughts: the realism of today’s circumstances, and the hope of long-term success.
In times of turmoil, it helps to understand what’s next. Hold on to long-term optimism, but face the present reality one day at a time.