This Element is an excerpt from It's About More Than the Money: Investment Wisdom for Building a Better Life (9780137050321) by Saly A. Glassman. Available in print and digital formats.
What you can learn about investing from financial crises–and what you can learn about life from any crisis.
Crises are like little gifts. Every crisis presents opportunities to learn. To begin with, crises force you to examine your behavior. The investment markets are complex, full of events we cannot predict or control. A financial crisis can feel like an erupting volcano that disrupts our sense of security. The panic can prompt varying reactions….