This Element is an excerpt from It's About More Than the Money: Investment Wisdom for Building a Better Life (9780137050321) by Saly A. Glassman. Available in print and digital formats.
What you can learn about investing from financial crises–and what you can learn about life from any crisis.
Crises are like little gifts. Every crisis presents opportunities to learn. To begin with, crises force you to examine your behavior. The investment markets are complex, full of events we cannot predict or control. A financial crisis can feel like an erupting volcano that disrupts our sense of security. The panic can prompt varying reactions….
Saly A. Glassman, a Merrill Lynch Senior Vice President, is a member of the Barron's/Winner's Circle list of the nation's Top 100 financial advisers and ranked #1 on the Barron's/Winner's Circle 2008 list of top women financial advisers. She has been with Merrill Lynch for 29 years; her practice was ranked #1 in the Philadelphia Complex and fourth in the firm for 2008. She invests more than $2 billion for high net worth individuals, corporations, and institutions. The Glassman Group operates within Merrill Lynch as an all-female team with more than 135 years of experience in the financial services industry.