Most of us probably remember the childhood fable about Chicken Little. Chicken Little is walking one day and gets hit in the head with an acorn. Immediately, she assumes that the sky is falling and sets out to tell the King. On the way, she meets other animals who decide to go with her. Depending on the version, Chicken Little and her friends meet the King or get eaten.
The story has a few different endings, some not so happy. Each version and ending of the story have different interpretations. However, the main theme seems to indicate that a small issue can be misinterpreted to be something far worse.
That same acorn in the news has a way of manifesting to a headline story and causing fear and indecision. Many of us have been the victim of this hysteria. We become frozen with indecision, watching and waiting; and all because of the news.
I have seen buyers miss out on the perfect home, investors lose out on a great opportunity and sellers miss the market altogether.
Sometimes we can't avoid the acorn, but we can decide how to handle the news. Try looking at the complete picture and make it a priority to stay current with the news. FDR said it best, "The only limit to our realization of tomorrow will be our doubts of today. Let us move forward with strong and active faith."
Let's face it --- if we let every acorn that hits us in the head decide our fate, then the sky is falling.
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