I recently revisited an old article by Morgan Housel titled Little Rules About Big Things, and one line jumped off the page: “You should obsess over risks that do permanent damage and care little about risks that do temporary harm. But the opposite is more common.” This simple rule captures one of the most important (and most overlooked) principles in investing. In theory, most investors would agree that long-term damage is what matters most. But in practice? Daily noise, headlines, and...