On Doing Nothing

Barry Ritholtz, on doing nothing:

Don’t do something, anything, just for the sake of it. If you are going to do something, you better have a damned good reason for it.

Doing something feels good. Doing something creates the illusion of control. Doing something responds to the angst we feel when we are unhappy with current circumstances.

Doing something is why people dump all of their stock at market bottoms; please-just-make-the-pain-stop-sell it-I-don’t-care-if-this-is-the-low was heard quite often in February and March 2009.

[…]

Humans exist in the here and now, at the intersection of past and future. The present is all they really know from experience. Contextualizing the long game is not their forte. What 24/7 media fills their minds with is so much meaningless detritus, so many useless options — its why they often forget that nothing itself is a viable choice. Indeed, nothing is often the best choice available.

Important sentiment. There is tremendous value in, sometimes, not doing anything. Whether this is opting to forgo a tenuous choice, or choosing to mentally “turn off” for a bit,  doing anything can lead to better somethings down the line. More on this here.

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