“Of the 21 men I interviewed, 20 would have been impacted by the ballot measure. All 20 of them, including the Democrats, as well as several of the most committed diehard proponents of revitalizing San Francisco, are now developing an exit plan. (Three have already left.)”The ongoing sovereign debt crisis means Western wealth seizures have only begun.They’re starting by robbing Californian billionaires, but will end by expropriating American thousandaires.So, every man must plan for an exit.Move faster.Esca ...

Market Psychology - The market is driven more by emotions than by math [4] - Common emotions experienced in the market include hope, optimism, belief, thrill, euphoria, fear, relief, nervousness, denial, panic, anger, and depression [5][6][7][8][9][12][13][14][15][16][17] - Emotional investing can lead to losses, turning potential gains into an "empty bank account and no more pizza nights" [1][17] Risk Management - Trying to "catch the top" is difficult and often leads to losses [18] - An exit plan should be established before emotions take over [18][19] - Consider a strategy like selling 40% on the way up and holding 60% for the long term [19] - Without an exit plan, the market may force a sale at the worst possible time [20] Investment Strategy - Taking profits on the way up is crucial [19][20] - Investors should stay calm and stick to their exit plan [20] - The biggest risk in the markets is not the price, but the investor's emotions [20]