The author F. Scott Fitzgerald once wrote that "the test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function." This concept, often referred to as "cognitive dissonance," is something all investors must continually grapple with. This is because financial markets can swoon seemingly without reason and, in the worst case, in a way that appears to contradict underlying fundamentals. In these situations, investors can either try to justify these market swings or recognize that they are likely to be temporary. How is this relevant to investors in today's market and economic environment?
We discuss in this episode of The Wealth Effect Podcast:
📈 Magnificent 7 Stock Returns
📊 Q3 GDP Growth Components
📉 Stock Market Pullbacks
Matt Faubion, CFP®
Founder - Wealth Manager
Faubion Wealth Management
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