You know what your investment returns are. You would be surprised at how few people actually know what their returns are. Even fewer understand their performance relative to a benchmark.
Here are some hilarious thoughts when you say and what does it actually mean:
1) That’s overbought (I’m not long and think buyers are stupid)
2) That’s oversold (I’m long and think sellers are stupid)
3) It’s a stock picker’s market (I get paid to pick stocks)
4) Stay diversified (I wish I could get paid to pick stocks)
5) That’s priced in (I missed the move)
6) I’m cautiously optimistic (Things usually work out. But sometimes they don’t)
7) There’s still a lot of uncertainty (I’m under-performing)
8) I’m waiting for clarity (I’m under-invested and desperately need a pullback)
9) Stocks are fairly valued (No idea)
10) Returns will be lower going forward (My investors should expect lower returns going forward)
To conclude everybody lies — every day; every hour; awake; asleep; in his dreams; in his joy; in his mourning….