A Quote by Whitney Tilson
It's human nature: for most investors, the pain of stocks going down is more tangible than the joy of when they go up. The common impulse is to do something - anything - to minimise the pain.
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Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can only earn what companies themselves can earn; the government or the markets themselves don't kick anything in. How can you get anything more out of a farm than what it grows?
My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast Letting losses run is the most serious mistake made by most investors.
I think the most important thing to remember is that pain passes. And artistically, the pain is going to pass. It's what you want to express out of the pain as opposed to indulging in the agony-and-pain mantra of songwriting that became such a hit in the '90s and still, all the way up to now.
Pain is something that's common to human life. When we ignore it, we aren't engaging in the whole reality, and the pain begins to fester.
Mental pain is less dramatic than physical pain, but it is more common and also more hard to bear. The frequent attempt to conceal mental pain increases the burden: it is easier to say “My tooth is aching” than to say “My heart is broken.
Grief does not end and love does not die and nothing fills its graven place. With grace, pain is transmuted into the gold of wisdom and compassion and the lesser coin of muted sadness and resignation; but something leaden of it remains, to become the kernel arond which more pain accretes (a black pearl): one pain becomes every other pain ... unless one strips away, one by one, the layers of pain to get to the heart of the pain - and this causes more pain, pain so intense as to feel like evisceration.
Pain is meant to wake us up. People try to hide their pain. But they're wrong. Pain is something to carry, like a radio. You feel your strength in the experience of pain.
My pain is usually caused by some sort of attack on my ego. So usually, pain is an indication of something that, eventually, I'm going to want to transcend. But sometimes pain is just pain that you sit through. I find it can have a really exhilarating effect.
Successful investors like stocks better when they’re going down. When you go to a department store or a supermarket, you like to buy merchandise on sale, but it doesn’t work that way in the stock market. In the stock market, people panic when stocks are going down, so they like them less when they should like them more. When prices go down, you shouldn’t panic, but it’s hard to control your emotions when you’re overextended, when you see your net worth drop in half and you worry that you won’t have enough money to pay for your kids’ college.
What most women live in, is fear of the next contraction, or they're reliving the pain of the one they just had. And nature really builds in these breaks, if you can be in the present and not feel the pain and not sort of anticipate the pain to come.
Most people in the Western world grow up with the received wisdom that Mozart was a genius. But few people necessarily know why. More than anyone else, he captured this something which is the human condition, the fine line that we all constantly dance between joy and pain, between absolute happiness and absolute heartbreak.
Experiencing this pain in my muscles and aching and going on and on is my challenge. The last three or four reps is what makes the muscles grow. This area of pain divides a champion from someone who is not a champion. That's what most people lack, having the guts to go on and just say they'll go through the pain no matter what happens. I have no fear of fainting. I do squats until I fall over and pass out. So what? It's not going to kill me. I wake up five minutes later and I'm OK. A lot of other athletes are afraid of this. So they don't pass out. They don't go on.
Once the pain-body has taken you over, you want more pain. You become a victim or a perpetrator. You want to inflict pain, or you want to suffer pain, or both. There isn't really much difference between the two. You are not conscious of this, of course, and will vehemently claim that you do not want pain. But look closely and you will find that your thinking and behavior are designed to keep the pain going, for yourself and others. If you were truly conscious of it, the pattern would dissolve, for to want more pain is insanity, and nobody is consciously insane.
When you wake up and your heart is going like the clappers or your back feels strained, or you develop some other hang-up, you should let your mind go to the pain and the pain itself will regurgitate the memory which originally caused you to suppress it in your body. In this way the pain goes to the right channel instead of being repressed again, as it is if you take a pill or a bath, saying 'Well, I'll get over it'. Most people channel their pain into God or masturbation or some dream of making it.
We are all connected. What unites us is our common humanity. I don't want to oversimplify things - but the suffering of a mother who has lost her child is not dependent on her nationality, ethnicity or religion. White, black, rich, poor, Christian, Muslim or Jew - pain is pain - joy is joy.
Pain by itself is merely pain,
but the experience of pain couples with an understanding
that the pain serves a worthy purpose as suffering.
Suffering can be endured because
there is a reason for it that is worth the effort.
What is more worthy of your pain than the evolution of your soul?
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