Life Cycle Of Greed And Fear

There is a life cycle of greed and fear and it goes something like this.

First you assume good news is permanent.

Then you become oblivious to bad news.

Then you ignore bad news.

Then you deny bad news.

Then you accept bad news.

Then you assume bad news is permanent.

Then you become oblivious to good news.,

Then you ignore good news.

Then you deny good news.

Then you accept good news.

Then you assume good news is permanent.

And we are back where we began. They cycle repeats.

Source: Morgan Housel Podcast_Lifecycle of Greed and Fear