Time to choose between gravity and greed
I have the best job in the world; there is no doubt about it. I get paid to manage other people's money. It is stressful and humbling. It can also be energizing, as there is no better feeling than being thanked by someone who we helped build a better future for.
However, recently I have been worried about the direction of the markets. There is no worse feeling for me than the possibility of losing my client's money. The crash of 2008/09 was difficult. Although, we were bearish in 2008 and our portfolios performed really well in comparison to the market, the fear of another major pullback forces me to use prudence. Sometimes this prudence is against my client's will.
