marvinat0rz
Member
Therapy session: Someone wrote a comment a few hours ago about being accosted by friends and family urging them to sell, which resonated with me. I've been unable to keep my mouth entirely shut about owning Tesla over the years. Played possum about exact amounts, but some have the right idea. Those of my closest friends and colleagues who are interested in finance have caught on to this, and used this fact as a great source of entertainment through "420 funding secured", the Joe Rogan interview and the relentless short skepticism and misinformation and other crises since 2013.
At this point, I wish I'd been able to keep my mouth shut, but I'm just not disciplined enough to keep that quiet about something that interests me this much over a 5+ year timeframe. So there's a few work colleagues who keep urging me to sell. Some of it is clearly motivated by concern, given that there's (presumably) a lot of money on the line, and I've actually trimmed my position somewhat, to have a small hedge against macro crisis or other unexpected catastrophe.
But for one or two, it's almost as if they wish me to sell in order to hedge their own egos in case it turns out that I'm right, and that a stabilization in market cap will not be reached for years yet. And if that should happen, that they could at least console themselves with "well, but marvinat0rz sold too, so no one could have seen it coming". It distinctly feels like there's some envy there as well. Part of me just wants to say "well, you've had every opportunity to make similar investments but you haven't; and even then you would have bailed out five years ago and probably had ulcers -- what makes you believe that your judgement is better than mine and that this is good advice?"
But of course I won't say that, both because it's a douchebag move and because I can't stand the idea of both being out a lot of money and having made very hubristic comments in my social circle when the next recession hits, or if there is some (heaven forbid) unexpected disaster.
It's actually not so easy to be on this kind of emotional rollercoaster, which I'm sure plenty of contributors to this forum know. You really need to have been there to know. The stakes are high, and this is not appreciated by people sitting on the sidelines. No one in my social circle has the stomach for risk that I do, so there's not a lot of people to share this with. Of course it's not some "waaah waah, poor us" situation, but there's an emotional aspect of investing for the long term that's poorly appreciated. Would be better to just tune it out, but it's not so easy when it's on the front page of even my small-time Norwegian economic newspaper every other week.
Thanks for listening, felt good to get this off my chest
At this point, I wish I'd been able to keep my mouth shut, but I'm just not disciplined enough to keep that quiet about something that interests me this much over a 5+ year timeframe. So there's a few work colleagues who keep urging me to sell. Some of it is clearly motivated by concern, given that there's (presumably) a lot of money on the line, and I've actually trimmed my position somewhat, to have a small hedge against macro crisis or other unexpected catastrophe.
But for one or two, it's almost as if they wish me to sell in order to hedge their own egos in case it turns out that I'm right, and that a stabilization in market cap will not be reached for years yet. And if that should happen, that they could at least console themselves with "well, but marvinat0rz sold too, so no one could have seen it coming". It distinctly feels like there's some envy there as well. Part of me just wants to say "well, you've had every opportunity to make similar investments but you haven't; and even then you would have bailed out five years ago and probably had ulcers -- what makes you believe that your judgement is better than mine and that this is good advice?"
But of course I won't say that, both because it's a douchebag move and because I can't stand the idea of both being out a lot of money and having made very hubristic comments in my social circle when the next recession hits, or if there is some (heaven forbid) unexpected disaster.
It's actually not so easy to be on this kind of emotional rollercoaster, which I'm sure plenty of contributors to this forum know. You really need to have been there to know. The stakes are high, and this is not appreciated by people sitting on the sidelines. No one in my social circle has the stomach for risk that I do, so there's not a lot of people to share this with. Of course it's not some "waaah waah, poor us" situation, but there's an emotional aspect of investing for the long term that's poorly appreciated. Would be better to just tune it out, but it's not so easy when it's on the front page of even my small-time Norwegian economic newspaper every other week.
Thanks for listening, felt good to get this off my chest
