“When I’m sitting back reflecting on my career, I often wish that I could send a time capsule of wisdom, knowledge and experience back to my rookie self, back when I first got my securities license back in 1993.
If I could, that capsule would contain these videos.”
– Erik Strid, CEO of Concentus Wealth Advisors
Part 20 of Erik’s Weekly Video series.
This week’s lesson: The primary cause of panic is not the crisis or the percentage decline in equity prices. It’s in the surprise. But, if we understand the volatility in equity values that has occurred in the past, we’re more likely to be prepared for the equity volatility that we will experience in the future.