The more I live, the older I get, and the more the world changes around us, the more I see that our minds are not designed well for the current complexity of life in modern civilizations.
Our minds are built for very slow-moving and almost static environments where the people you know, the tools you use, and the dynamics around you change at a very glacial pace. The pace used to be so slow, that it would take generations for things to change. A ancient person could move back and forward in time 500 years and they'd likely be in a world that's mostly the same - same farming tools, same modes of transport, same deeply-local and family-based existence.
Imagine you went forward 500 in time. You're certain -- as I am -- that whatever world we arrive at 500 years from now, it'll be vastly different from the world today. We'd feel genuine anxiety traveling 500 years into the future because of how unpredictable we know it could be. We know at a deep subconscious level that the world is changing quickly.
This cosmopolitan, global, hyper-dynamic, tech-filled, and complex world we live in today requires that we embrace technology and use it in productive and effective ways. By using tech to offload memory, for example, we'll be making a prudent decision - remembering a few things in ancient times is different than having to remember hundreds of things with each thing in its own category (eg. home, work, car, finances, etc.). Another example might be using finance software or MS Excel to manage your money - living in a world with no money at all and mostly living in a quasi-communist family-oriented society is quite different than having to manage multiple account and making transactions with other humans and organizations on a daily basis.
It's fun and easy to focus on macro stuff - we read or watch the news and see what's happening in DC and around the world. The media loves to write about such things because it gets readers/clicks and it's something everyone is going to find relevant (as opposed to micro stuff like your local real estate market, which is not important to 99.99% of the world).
In reality, however, the micro stuff is more important most of the time. Not all the time, of course - sometimes macro events can have such large (usually negative) impacts that they outweigh anything that is happening at the micro level. In these cases, you hopefully have built a strong and resilient existence to weather any storms that may have come your way.
The micro things are your day-to-day habits and your ways of living in this world - they may include things like
One would be well-served by focusing on the micro stuff while ensuring they are well-protected from significantly adverse macro events.
I've been investing since my late teens and I was just a young up-and-commer in investing during the Great Recession. I studied the markets since I was about 12 years old - I read a book my father had (but never actually read and applied in his own life) on investing (One up on Wall Street by Peter Lynch). The book fascinated me for some reason.
I've seen a fair bit, but I've studied the markets far more since then and what I've studied is a lot more than what I've seen. One has to study the markets well to be a good investor. History is important in investing.
The present situation with this over decade's long bull market is unprecedented, however. It's a record market - the longest ever. So, studying history won't help too much. In this case, good Risk Management is especially key!
And now, given the rise of cyrptocurrencies and crypto assets to quasi-mainstream financial assets, we're dedicated to providing quality, relevant, and interesting material on cryptocurrencies and cryptoassets. Articles on Bitcoin, Ethereum, Ripple, Cardano, and many more cryptocurrencies and cryptoassets can be found on Pennies and Pounds - all that in addition to a plethora of information on what cryptoassets are, how the entire crypto industry came to be, blockchain/immutable ledger technology, mining, proof of work, proof of stake, and how to prudently invest in crypto if you are so inclined (based on your risk tolerance and ability to withstand the volatility that will come with a crypto portfolio).