How to avoid becoming collateral damage in the coming crash.
Sometimes you really do find enlightenment at the top of the mountain.
I spent this week hiking in Montana’s Bitterroot mountain range, as a participant in the pilot run of a new personal-growth-through-adventure-travel startup.
In our group was a famous professional cyclist, who had been a superstar on the Tour de France for many years.
He has a fascinating life story, both on and off the bike. His tales of the super-human efforts required to prevail at the most elite level of this punishing sport are mind-blowing.
The relentless and gruelling training covering thousands and thousands of kilometers. The near-starvation state cyclists exist in to maximize their power-to-weight ratio. Endless travel. Horrific crash injuries. Sponsor pressures. The money and politics driving the sport. Overbearing regulators. Cut-throat teammates. And of course, the pervasive doping.
When we asked him how he managed to persevere at the top of such a demanding sport for so long, despite the huge toll it took on his health and his marriage, he thought for a moment then said: “I suppose I’m just really good at suffering”.
It’s clear that, in addition to some truly amazing experiences, his cycling days have left him with a legacy of damage that he’s still working through.
As he shared this with us, one participant wisely advised him to remember: Pain is inevitable. Suffering is optional.
Yes, he’ll still need to deal with the aftereffects of his racing years. But it’s up to him how much power he wants to give them over his happiness and life path from here.
From Mountains To Markets
I’m struck by how relevant the above advice is to investors right now.
It’s becoming increasingly clear that the end of the ten-year bull market has arrived.
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