“History doesn’t repeat itself, but it often rhymes.” Mark Twain
“Democracy is the worst form of government, except for all the others.” Churchill
“You may deride my awkward pace, but slow and steady wins the race” Robert Lloyds – The Hare and Tortoise, 1757. A Fable.
It is all too easy to get overly concerned about falls in the equity markets from previous highs. As humans, we are hard-wired to be concerned about recent events and feel losses keenly.