Scarcity mindset is the default for most people because loss aversion is hard-wired. Abundance mindset is a trained skill. The investors who compound at high rates for decades are the ones who trained it! Scarcity protects you from catastrophic mistakes in the short run. It is useful when you have no margin of safety, high leverage, or a short time horizon. It is terrible for building wealth over 10+years. Abundance (properly applied) is what actually produces outsized results. The biggest fortunes in public markets came from people who stayed invested through 2008, 2020, and the 2022 bear market instead of fleeing to cash. They treated volatility as the price of admission for long-term growth rather than evidence that the game was rigged.. Stay Strong, Stay long in quality companies ✅ $AVGO$BLOX$BTC$TSLA$PLTR$HOOD$HOOW$GOOGL$MU$META$CRWV$NBIS
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Dividending @dividending · 1h
Excellent advice! Developing and maintaining psychological resilience is vital to long term life and investing success. An Abundance mindset needs to be operationalized and practiced. So much effort is spent on selecting asset allocation and minutiae without a strong foundational mindset.
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