Continuing Connection VI: Steinbeck & Biblical Joseph:
The Recent Market Decline & Personal Financial Anxiety
And, behold, there came up out of the River seven cows, handsome and fat of flesh, and they fed in the reed grass. And, behold, seven other cows came up after them out of the River, ugly and lean of flesh, and stood by the other cows upon the bank of the River. And the ugly and lean cows ate up the seven handsome and fat cows.
Joseph’s interpretation to Pharaoh: there will be seven years of plenty, symbolized by the handsome cows in Guccis™ & Jimmy Choos™, followed by seven lean years symbolized by the emaciated cows(having consumed the fatted protein cows actually losing weight (the historical first Adkins Diet).
And it never failed that during the dry years the people forgot about the rich years, and during the wet years they lost all memory of the dry years. It was always that way
Steinbeck, East of Eden
Fat to emaciated; client amnesia wet years forgetting the dry years – the dry years forgetting the wet years – wet dreams and schemes.
The question is not ‘how one did relative to the indexes in this down market/dry year to date’ which is the inquiry of the habituated MOREon but rather ‘do I still have ENOUGH?’ Managing assets (more, more, more – relative) increases personal financial anxiety the during the dry years, emaciated goals and therefore portfolios while ENOUGH, in contrast, lowers the anxiety during these periods do due managing goals for sustainability.
Remember the wet years & manage one’s personal financial goals (rather than managing assets) to reduce personal financial anxiety & emaciation.
And Yes, Your Dog With Thank You
(For Continuing His Upgraded Diet: Warmed Raw. Cooked,
or Better Kibble Diet vs Being
Downgraded to Pedigree™, Old Yeller, Kibbles & Bits etc.)