- Why is it important for people to realize that while they might be investing in the longterm, they don't live longterm? - I saw that part of that quote from Daniel Kahneman, who recently passed away and he spent his whole career studying human foibles and human behavior and emotions.

And when he gave his Nobel Prize speech, someone asked him like, why can't more people stay the course for the long run? He said, the long run is not where life is lived, right? It's a series of short runs. We were talking to a client a couple months ago who worked at Lehman Brothers.

This person is making a lot of money working on Wall Street. They have the ability to take a lot of risk. But this person realized, I don't care what that ability is, what the spreadsheet tells me. I can't physically or mentally make myself do that. So I wanna take a more conservative route with my portfolio regardless of what the results are gonna be.

I know my results would be better if I could invest more aggressively, but I have this mental block that's holding me back. And actually, I think that's the right decision as long as you don't take it too far.