In a recent WSJ piece, Jason Zweig discusses two things to do when the stock market gets crazy. The article and Zweig’s advice are worth your time (and the tips should sound familiar).

What’s more, Zweig highlights some long view thoughts from recent podcast guest, Hal Hershfield.

“Our distant future selves feel like different people from who we are now,” says Hal Hershfield, a behavioral scientist at the University of California, Los Angeles, who studies how time affects people’s decisions. “It can become especially difficult to keep those distant selves in mind when there’s so many emotions in the present—in the form of temptation or fear.”

If you haven’t already, listen here to the podcast episode with Hal Hershfield.

Our favorite WSJ Columnist, Jason Zweig, recently told a story, warning of trying to get rich quickly. We had to share our favorite quote from the piece:

Read the full piece here.

We wanted to share a poignant excerpt from Jason Zweig’s latest piece for WSJ. 

When anyone—in person, online or through an app on your phone—tries to push you into chasing an asset that had double-digit (or triple-digit!) returns last year, try answering this way: “Instead of that, what can you offer me that lost money last year?”

That silences the hype. That opens your mind to the kinds of neglected opportunities that often do best when last year’s market darlings fall from grace. And that keeps you from expecting the coming year to repeat the past year. They seldom do.

To learn more about how we would build your bespoke portfolio, schedule a call now.