The longer I’m in this business the more I appreciate the compounding effects of ROY (Return on You) decisions vs. those simply made through the lens of ROI.
Purpose.Passion.Pursuit.
☝️
know it ☝️
Live it ☝️
Get after it
"If you're not willing to react with equanimity to a market price decline of 50% two or three times a century, you're not fit to be a common shareholder - and you deserve the mediocre result you are going to get." Charlie Munger
The $VIX ended the week at 45.3, among the highest weekly closes in history.
What has happened in the past following the highest $VIX levels?
Stocks rallied 100% of the time over the next 1, 2, 3, 4, 5 years with returns far above historical averages.
https://t.co/l5IYmkeySJ
The $VIX has increased by 88% over the past 3 weeks, the 15th biggest 3-week spike ever. Here's a look at how the S&P 500 has fared following big $VIX spikes in the past...
The $VIX is at 65 right now, up from 23 at Friday's close. If that were to hold it would be the biggest 1-day % increase in history and one of the highest closes ever. Only periods with higher levels of implied volatility: October/November 2008 and March 2020.