One of my favourite slogans in life is “don’t just do something, sit there”. Too often we act based on the more famous slogan of “don’t just sit there, do something” especially when the stakes are high. Action is generally rewarded more than inaction. But if you manage a portfolio, you will learn that doing nothing is not just often better than doing something, but doing nothing should be your default option. Doing nothing as default option creates a hurdle to overcome with your investment decisions and forces you to think about why selling one asset and buying another should add value.
Don’t just do something, sit there
Don’t just do something, sit there
Don’t just do something, sit there
One of my favourite slogans in life is “don’t just do something, sit there”. Too often we act based on the more famous slogan of “don’t just sit there, do something” especially when the stakes are high. Action is generally rewarded more than inaction. But if you manage a portfolio, you will learn that doing nothing is not just often better than doing something, but doing nothing should be your default option. Doing nothing as default option creates a hurdle to overcome with your investment decisions and forces you to think about why selling one asset and buying another should add value.