Expect them
The markets go up. The markets go down. Here’s a neat way to think about that…
Imagine it’s a very still day, and you’re in a boat on the ocean.
There’s no wind.
No swell.
The water is as flat as a mirror.
The calm goes on just long enough for you to start to feel like it’s normal.
When a small wave finally comes… it feels big. When a regular wave comes… it feels huge.
As scary as it might feel, it’s important to remember that waves are normal.
In fact storms are normal. I’ll go one step further - storms should be expected
But the very last item on the long list of things you should avoid doing on a boat in a storm is abandon ship.
The ocean is almost never flat calm. Neither is investing
Market corrections come more regularly than birthdays - you should expect them