Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6878857833530589184
Bull Markets & Why We Repeat Our Mistakes: “Bull markets hide investment mistakes. Bear markets expose them.”: https://lnkd.in/dmypVXha : Without fail, #bull #markets have turned into #bear #markets throughout history… What is most interesting about #investor #psychology is that once a new “#bull #cycle” engages, the “#pain” of the previous “#bear #cycle” gets forgotten. While a “#babyboomer” vividly remembers the losses incurred in 2000 and 2008, the bull market eventually displaces “fear” with “greed.” “#GenerationZ,” born between 1995 and 2005, was between the ages of 6 and 16 during the “#FinancialCrisis.” As a result, that #generation is the most susceptible to inherent #behavioral #biases as that generation has never experienced a “bear market” cycle. As noted previously, bear #market #cycles are long-lasting affairs, as shown below, which can wreck #financial #plans when they occur.
The prescribed guidelines of today’s article by Lance Roberts, interestingly, seem to reflect what may be thought of as the #eternal #wisdom of the #financial #markets going back to the 1920s era as discussed in the #Reminiscences of a #Stock #Operator, first published in 1923, described as the most widely read, highly recommended investment book ever.: https://lnkd.in/d77xKm_f :
Those interested in #Psychology of #Trading may find another book relevant to the article: #Trading in the #Zone: #Master the #Market with #Confidence, #Discipline and a #Winning #Attitude: https://lnkd.in/dYCVw_De.
I read above books among others years before #Financial #Crisis while executing #double #digit #multimillion $ #trades on a #personal #portfolio of 250+ diverse stocks using #Long-#Short strategies over 3,500 #transactions using self-built #technologies for analyzing 100s of #financial #market #variables related to #stocks.
That was years before I led #WallStreet #HedgeFunds with #Trillion $ #AUM such as J.P. Morgan HQ in #Midtown #Manhattan #Investment #Management team of #ManagingDirectors, #PortfolioManagers, and #Quants for J.P. Morgan #Global #Head of #Analytics #Research and #US #Head of #Portfolio #Management on #Alternative #Assets #Portfolio #Risk, #Liquidity #Risk, #Market #Risk, and #Credit #Risk #Modeling for #Funds composed of Diverse #Equity classes, #Bonds, #Commodities, #Currencies, and #Hedge #Funds.
Above experiences leading #Quantitative #Finance & #Trading R&D leading global practices included #MIT & #Princeton #Industry #Expert roles advancing #AI #ML #DL #Quant #Cyber #Crypto #Quantum #Risk #Computing such as over three annual R&D presentations at #Princeton #Quant #Finance & #Trading and #FinTech-#Crypto #Conferences sponsored by #GoldmanSachs and #Citadel. Those culminated into recent US #HedgeFunds, #VentureCapital & #PrivateEquity Keynote advancing upon #Quantum #Uncertainty & #TimeSpace #Complexity guidance for The Joint Staff and #USAF-#AFRL ventures building related global practices:
AIMLExchange.com – BRINT.com – C4I-Cyber.com
