Staying Steady when Markets Feel Uncertain
The stock market is providing its biggest test to investors in several years
Roné Swanepoel
Ken Griffin—founder of Citadel, a powerhouse in both active investing and market infrastructure—once recounted his investing losses to a group of college students, saying:
“All my losses are tuition, and I have the most expensive education in American history. If every time you lost money, you got depressed and angry, you couldn’t deal with it, you’d have a short career.” Griffin continued: “It doesn’t mean you don’t think long and hard about what’s going on, but you have to keep it in perspective.”
It might be the perfect quote for the current moment.
Early April brought the largest two-day decline for US stocks since March 2020, with markets falling 11% on April 3 and 4.
Rolling 2-day returns (Morningstar US Market Index)
July 2002 – April 2024
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