is that i think between pessimists and optimists optimus win this is something that jake rosser wrote an investor i follow that said optimus swin investors like to flex their skeptical bent believing that they can see through the nonsense because they are sober minded and demand a margin of safety unlike quote those gamblers a certain degree of cynicism makes sense as we are hardwired to perceive threats more forcefully than positive events further doubt is the bulwark against the wall street hype machine yet in our experience we find optimists most often win the day skepticism is inherently valuable in investing but i have found i need to engage skeptically with my pessimism not my optimism optimists are more likely to be persistent and have more imagination imagination would seem like one of the worst if not harmful investing traits to have yet it opens up more what-if scenarios and adds more balance to the prevailing pessimistic chorus i think he's spot on right now we have the prevailing pessimistic chorus we have our daily barrage of different thumbnails with flames in the background warnings about all the various ways that the market is going to crash but the data says the complete opposite the data says that if we stay invested for a long period of time into high quality companies we'll make tons of money not just a little bit but the stock market works very hard companies are extremely productive if we have the ability to stay invested into highly productive companies will make a lot of money in the process so even though right now the popular thing might be to flex your skeptical bend i think that this can actually hurt your returns over time i've said before that i don't think the difficult part of investing is finding great companies to buy in fact i think it's rather easy to identify great companies if you go back in time just a few years could anyone really have guessed that apple is a good investment or microsoft could you have guessed that disney's a good company or costco or home depot or nike or comcast or target of course you could these are great companies finding good companies is very easy to do but staying invested in them and not getting talked out of them when they're scary news all the time is very difficult so between the pessimists and the optimists i find myself firmly on the side of the optimist i believe that my companies are highly productive very resilient even if there's a market sell-off for NUMBER_TOKEN decline or a NUMBER_TOKEN decline i think that these companies will give a positive expected return over the next NUMBER_TOKEN years so i'm buying as much of these great productive companies and etfs as quickly as i can so that's my thoughts on the market today i hope you enjoyed this little update if you like this type of content be sure to subscribe to the channel and also you can check out the patreon there's a free trial you can join and see if you like it you gain access to a very active discord community with over NUMBER_TOKEN members as well as a lot of other exclusive content and other fun things to do so i'll see on the discord if you join that otherwise i'll see you in the next episode
START_SELFPROMO_TOKEN my thoughts on the market today i hope you enjoyed this little update if you like this type of content be sure to subscribe to the channel and also you can check out the patreon there's a free trial you can join and see if you like it you gain access to a very active discord community with over NUMBER_TOKEN members as well as a lot of other exclusive content and other fun things to do so i'll see on the discord if you join that otherwise i'll see you in the next episode END_SELFPROMO_TOKEN