+1. I tend to agree with this opinion after reading quite a few posts on different threads and notice how the tune of investment management drastically changed on this forum since this February.
Some people feel offended. Other people call the above comment judgmental or arrogant. And I think they feel it that way because they try to justify their own emotions or decisions they made recently.
Imagine if we didn't have the current problem going on. Would anyone say that it's time to sell all equities and go to cash or bonds? Barely anyone thought that they had 'won the game' before the pandemic and the collapse of economy began.
It merely shows that investing is definitely ruled by emotions and that's been proven by all those behavioral experts out there and there is nothing to be upset or offended about. We cannot help it how we're wired in our brains.
I read not long ago that real and painful events help to assess one's risk tolerance, not those silly questionnaires asking "how would you feel if equities fell 50-60%?" because it doesn't feel that painful when the stock market and economy are chugging along just fine. It's totally different when you need money to live on, and the piggy bank is slimming rapidly.
If COcheesehead had reworded his post a bit differently and said that the current situation is testing everyone's risk tolerance, people wouldn't have thought that s/he was demeaning