The Temptation of the Latest Crisis
Financial author Nick Murray often uses the phrase “apocalypse du jour” to describe the recurring events that tempt investors to believe everything has fundamentally changed.
The current backdrop is undeniably grave. What has unfolded across Iran and the wider Middle East is a serious geopolitical and humanitarian crisis. The human cost is unmistakable, and we must never lose sight of that reality. Yet as investors, our responsibility is to ensure we are not dragged from one frightening headline to the next.
Turbulence vs. Long-Term Discipline
During periods of heightened global tension, familiar market dynamics inevitably play out:
- Short-Term Volatility: Stock markets wobble and investor sentiment dips.
- Commodity Spikes: Energy and oil prices often experience sharp, immediate reactions.
- Media Commentary: Commentators and news outlets fill the airwaves with noise and alarmist predictions.
Despite these immediate pressures, market history has demonstrated time and again that disciplined investors are consistently rewarded for sitting these periods through rather than reacting emotionally.
Staying Grounded
The core principles of sound investing remain unchanged: remain calm, stay properly diversified, and keep your focus fixed on the long term.
This crisis represents the latest apocalypse du jour—it is not the first, and it certainly will not be the last. Serious, enduring wealth is rarely built by hitting the panic button.
This too shall pass.
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