An optimist wakes up knowing things are broken.
And more will break.
But he endures, aware things will improve.
Is this you?
The optimist knows things are not in his control.
Big things will collapse.
He expects disappointments at work.
He reads the news about our broken world.
Wars, recessions, political crises, crimes.
But instead of being discouraged, he remains optimistic.
He knows disappointments and failures are just preludes to success and happiness.
As an investor, he’s no different.
He invests in a stock market that may crash at anytime.
He understands perseverance reaps higher returns.
Disappointments test endurance.
Despite infinite plans for various outcomes, he never plans to quit.
The complacent person is different
He believes optimists expect only good news.
He wakes up convinced everything is ok.
His workplace will be happy.
Investments will perform.
People enjoy being around him.
(Mistakenly thinking he is an optimist.)
As an investor, his views are warped.
Despite cautionary tales of risky investments, he doesn’t expect anything bad to happen to him.
So, he takes the risk, calling it an opportunity.
In his mind, he warrants his behaviour by saying he is ‘optimistic’.
Unprepared for failure.
With no back-up plan.
Things didn’t go to plan.
He becomes cynical.
Which makes him pessimistic.
The pessimist sees the same chain of disappointment as the optimist
But he sees the chain as ‘the end’.
Not as a sign of progress.
A glass half empty.
Believing there’s no such thing as eventual growth.
Selling to cut his losses.
Those are the three types of risk mindsets in the world:
- Those who know things break. They know better results come with learning and improving.
- Those who think things never go wrong and are broken when they do.
- Those whose experience of failure have led to their complete loss of faith in eventual growth.
Optimism, complacency and pessimism.
Which one describes you?
And is it bringing you better results?
If you’d like us to review your current portfolio of £250,000 or more, get in touch. We’ll assess whether it’s working for you.