Paper Losses (A Tale of Two Investors)

Cashing Out Paper Losses Turns Them Into Real Losses(Throwback Thursday replay!)That's tragic in investing, but it's a disaster in the rest of your life too.Here are some principles to help manage our minds and behaviors when life seems to be handing us big losses. We'll look at the psychology of investing, and apply it to the rest of our lives. And we'll see God as the God who can give us late-market rallies, 4th quarter comebacks, and who makes a way where there is no way.PLUS! A story about my friends, Rested Ronnie and Sweaty Sam!Books mentioned:Morgan Housel, The Psychology of MoneyDavid Richo, Five True Things: A Little Guide to Embracing Life's Big ChallengesScriptures mentioned:Psalm 77The book of HabakkukIsaiah 43:19Resources:Get the MessengerX App from Messenger InternationalTommy Walker Ministries This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit drleewarren.substack.com/subscribe