Morale is a pretty subjective thing
33 year old man. Built a net worth of $2 million doing a variety of entrepreneurship, but a major asset he owned with leverage completely exploded in a crazy and unpredictable way. He's now got $500,000.
31 year old man. Had just decided to enter the stock market, and bought at a low. Doubled his portfolio from $250,000 to $500,000.
The first guy is at a similar place, if not a better one. He's been there before. The skillset of building businesses is usually more predictable than getting a huge stock market windfall.
But man #1 is probably feeling neurotic and upset and on edge.
Man #2 is feeling fantastic.
Morale and momentum don't measure to objective facts and assessments at all. They tend to come from comparing yourself to your peers and to where you were yesterday.
That's fine most of the time. But it's probably worth breaking out of if very good things are happening, very bad things are happening, or if you've never sat and examined your potential capabilities in an objective way.
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