day 2 of high beta selloff continues
still seeing a rotation out of growth into defensives, utilities, and real estate
my thoughts are the same as yesterday, I just think this isn’t as scary given we were getting stretched higher and valuations needed to breathe
it is very important to protect your mental — there are people who are miserable and only get value out of bringing people down with them
if you bought $HOOD at $50 and it’s down from $118 to $99, the people screaming will make you think you are the biggest idiot in the world for not selling at $118
in 5 years, if $HOOD is $250, you trying to sell at $118 to protect against a 15-20% downturn (and paying taxes on those gains) while hoping for a collapse back to $50…who invests like that? how is that feasible?
i’ll tell you who: hedgefunds, which is why they are never down a ton but they also never up a ton, most maxing out at +15%
for all the people screaming on social trying to act as if they are the perfect hedgefund manager and making you feel bad because you are long on great companies…very important to just have a thick skin
volatility can be gutwrenching and beautiful in the same way and outsized gains come from dealing with the gutpunches to eventually see the beauty of compounding 🫡
Very important to fix your Twitter feed:
1. Tap home button.
2. Tap stars on upper right of screen.
3. Select “Latest tweets”.
You are being manipulated by the algorithm in ways you don’t realize.
Easy to switch back & forth to see the difference.
At SEI, we're proud to count a number of #veterans among our ranks. Throughout the day, we'll be handing our platform over to several former servicemembers to get their thoughts on #VeteransDay.
We are very excited and grateful to be recognized as a 2020 Top Workplace by the Cincinnati Enquirer. Thank you to all our team members for making our culture award-winning!
RT to join me in thanking the @GeorgiaGuard for their service to this state and country. We are forever grateful for these brave and hardworking Georgians! #gapol
We knew that investing in our brand would enable us to strengthen our culture, create better business opportunities, and improve our ability to recruit best-in-class talent. To that end, we’re pleased to unveil the new https://t.co/KvQy2YNmqC https://t.co/jWdbqPRgEW
SEI has put down roots in Philadelphia! Years of prospecting and planning have culminated in the official opening of our newest office, and we couldn't be more excited to call Philly home. https://t.co/HyoF2ZofXs
Happy Thanksgiving! Here at SEI, we're thankful for the employees who make SEI a great place to come into work every day, and for time off to spend with friends and family.