Grit: The Secret of Success
Updated: Apr 2, 2020
Do the current health crisis and the associated market volatility have you questioning your investment strategy even though it's well thought out and implemented?
A sound investment strategy is an important factor in building wealth over the long-term. But no matter how good your strategy, it’s your willingness to stick with it that will ultimately help you meet your financial objectives.
In this time of great uncertainty, Tim Maurer's (2015) Forbes article The Market Volatility Survival Tool: True Grit seems very relevant. In the article, Tim draws on Angela Ducksworth's work on GRIT to make the case for sticking with a good investment plan. In her book Grit: The Power of Passion and Perseverance Angela demonstrates how one's ability to stay the course is often the defining factor for achieving success in most aspects of life.
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