“Bullish or bearish are terms used by people who do not engage in practicing uncertainty, like the television commentators, or those who have no experience in handling risk. Alas, investors and businesses are not paid in probabilities; they are paid in dollars. Accordingly, it is not how likely an event is to happen that matters, it is how much is made when it happens that should be the consideration.”

“Positivity can be a negative," I tell her, "if it's used to diminish events that should be cause for concern. Saying 'bad things happen to good people' or "God doesn't give anyone more than they can handle', for instance, isn't necessarily helpful to the person to whom something bad happened--it is much more beneficial to those who wish to be dismissive- who don't really care to think about the why or how or who. And if we cease to see the real human part in events--if instead, we relegate human experiences to some sort of mystical concept like karma, destiny or everything happens for a reason, and consider more realistic views to be negative--then we diminish compassion and empathy, as well as the possibility of positive change.”

“But there is neither kindness nor cruelty in time, and events happen without consideration for those who have a preference.”

“Did anyone of those bullish investors ever think what would happen to the Treasury market if the Fed ever became a net seller of bonds?”

“Events in the past maybe roughly divided into those which and probably never happened and those which do not matter.”

“How many people do you know who are obsessed with their work, who are type A or have stress related diseases and who can’t slow down? They can’t slow down because they use their routine to distract themselves, to reduce life to only its practical considerations. And they do this to avoid recalling how uncertain they are about why they live.”