What is Your North Star in Investing?

What is your north star in investing? Do you have one? I'll give you a hint as to what is NOT part of my north star. There are zero political bailout packages, global viruses, or smart, well dressed former central bankers as inputs to my process. I'm not a tourist snapping pictures at every headline that comes by. I'm also not inherently bullish on any financial asset.

I don't need (or pray, I am Catholic) stocks to go up to make money. I am not biased that way. The duration of the downside of the cycle, historically, is a range of 18 to 36 months. If you think in 6 weeks time that the stock market is going to back to new highs, history is not on your side. People have yet to get fired. People need time to adjust. Businesses need time to adjust. Buying into bear market rallies can be equally devastating to your financial and mental capital. You need to protect both! Spend more time understanding history and less time focused on headlines which only serve to distract you. Wall Street consensus wrapped in convoluted economic theory will get you to buy, but for some weird reason is absent of selling.