Don't assume angry buying. Self awareness is high in this one. One who uses emotions to enter a 19.9% position (as it will eventuate), does not pen these words either. As evidenced by this: https://eadatt.substack.com/p/adages-to-live-by-for-resource-investors"Bias can affect even the most highly regarded and adroit personalities
A bull or bear market can affect even the most skilled operators and investors. Extrapolation of the present circumstances, perpetually forward both positive or negative, is a dangerous mentality to live by. Things rarely go as good or bad as expected or feared.
Taking an extreme position can often mean an expensive mistake eventuates in time. This generally is capital destruction via financial overcommitment to a particular opportunity, or via omission due to becoming a ‘charitable seller’ of what may be a perfectly good asset at a certain part of the market cycle.
Keeping an ‘even keel’ and developing composure in all aspects of life comes with upside - providing a higher probability of capturing whatever it is that one truly wants."
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