Be Grateful for the Losses

If you get to participate in public markets, you are among the most privileged people in the world.

Participating in public markets will always be a privilege, not a right. Never forget that.

There are far worse predicaments to be in than losing money in fake internet money.

To the struggling minimum-wage worker wrestling to make ends meet, the homeless person looking for scraps, or the aspiring teenager who had the unfortunate luck of being born in a penurious society, even the mere consideration of wealth beyond basic necessities is a luxury.

To make all this possible, you need to live in a wealthy society where laws and order permit the existence of transparent markets. You likely grew up in a safe neighborhood with a loving family. You grew up with access to education, food, shelter, and culture.

I think this only underscores our responsibility to be humble as investors. Trading isn't a God-given right, and your next trade could very well be your last. We only have a long line of incredibly smart and sophisticated traders losing everything in this bear market as a shining testament to humility.

There's no denying that it can be difficult to step away from day-to-day life in this echo chamber and realize how privileged we are. But the more we actively try to make a conscious effort to grasp how blessed we are to participate in public markets, the humbler we'll be.

It might be tough out there in this sloppy tape. But be grateful you have the capacity to lose money through trading and investing.

We're fortunate beyond belief to do what we do. And we need to appreciate that more.

Thanks for reading, and please reach out if you have any questions.