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Mullooly Asset Management, Inc

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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IMG 1776

Ancient Investing Wisdom

June 25, 2018 by Casey Mullooly

A few months ago, I bought the book “The Daily Stoic” by Ryan Holiday. For each day of the year there is a passage from either Seneca, Marcus Aurelius or Epictetus. The teachings by these ancient philosophers are then explained in more modern language by Holiday. The passage from today was too good not to share.

IMG 1776 IMG 1777

The investing parallels here are obvious:

  1. Have realistic expectations.
  2. Plan for both best case and worst case scenario.
  3. Having the contrarian mindset of wanting things to go wrong. (Buying when everyone is selling)

We all want the hot stock, the new fad, a quick fix. But, the real key to it all lies in ancient wisdom.

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1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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