“It takes twenty years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” Buffett
The S&P 500 just experienced its first negative two percent day since October 2014, when Ebola was the crisis du jour. Today, all but five of the S&P 500 stocks were down and just one component of the Nasdaq 100 was spared. Today was ugly, period.
When turbulence arrives and emotions run high, it’s important to keep in mind that everyone sees everything. The guy who has been bearish for five years who came flying out of his cave, everyone sees you. The guy mocking passive strategies, everyone sees you. The guy who tweets every tick, everyone sees you. The guy mocking everything and everyone, we see you too.
Getting into skirmishes on Twitter is a great way to advertise that you have absolutely nothing to do. If you think it’s a good decision to mock financial media outlets and tweet old “called it posts,” go ahead, everyone’s watching.