This is a great observation.SkaSka wrote:Back in 2008, I didn't know anything about the markets, nor paid attention to the markets, nor had any interest even reading anything in the news related to the markets.
I honestly went through the financial crisis - the "Great Recession", the "nothing like this before since the Great Depression" - without blinking an eye or even knowing it was even going on. Life seemed to be going just fine from the reality I was observing. I do understand I was young, ignorant, and had minimal responsibilities.
I don't know, maybe an amount of ignorance is bliss and paying too much attention/taking things too seriously makes you more susceptible to fear?
I felt like this in high school during the crash of 1987. I looked around and nothing seemed amiss. That's when I convinced myself that crashes weren't that bad and that the stock market always recovers. Always. And if it didn't, then nothing will matter anyway.
My observation is that fear appears to grow over time. It appears to originate from ignorance, and then it stays there and grows. Despite the fact that there are many resources to manage ignorance.
Fear may start in a young adult, but seems to morph into irrational paralyzing fear by the time middle age hits.
Again, I'm just putting the idea of 'fear' out there. I'm not convinced that a person can be taught to manage their fear or if it's just how things are.