Today’s article in the The New York Sun is about how the NYC Condo Market is performing.And yes I’m quoted heavily in the article and I don’t paint a pretty picture - but we do need to look at the current “landscape” objectively and realistically.
We need to make decisions on how things actually are right now.
Not how we want or need them to be based on what happened previously or where we were hoping the market was going to go.
Looking way back to Zeno and Socrates for a more stoic approach to the market and one that helps me is that “we should try and maintain an attitude of equanimity in the face of life's highs and lows - getting carried away by neither”.
Easier said than done but it is the goal - because according to Zeno " man conquers the world by conquering himself " and we can do that by conquering how we react to all external factors.
(both the good ones as well as the bad)
Focus on what we can control, work hard on those items and leave the rest in the hands of the gods.
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