Lockdown — third wave

We had another —third so far—lockdown in Auckland from Valentine’s Day’s midnight, but luckily it lasted only three days as initially stipulated.

Auckland went from Level 1 to Level 3, 4 being most restrictive. The rest of New Zealand stayed at Level 1.

Emergency phone alert for third-wave of lockdown in Auckland.
Emergency phone alert for third-wave of lockdown in Auckland.

I was stressed not because the lockdown was abrupt but because it aggravated my ongoing low spirit due to sluggish progress on the two big, long-term plans for 2021 and beyond. Plus, it also upset the plans I had for my weekly off days.

But in the end, we eased one level down by Wednesday midnight, and further down to Level 1 by last night.

I see a small number of Covid-deniers and conspiracy theorists in this country, which is scary because what starts small can expand. On the bright side, border workers are getting vaccinated from last Saturday, which is great!

I am still wary, continuing to scan the Covid-tracer app even before this latest outbreak. I am avoiding large crowds, keeping a safe physical distance from people, and being mindful of hand hygiene. I stopped wearing a mask, though.

Overall, things are stable in this little part of the world under the sensible and stable political leadership we elected recently.

Timeline continued…

  • 11:59 pm, 14-Feb-2021 Sunday

    Auckland goes from lockdown Alert Level 1 to 3.

    Rest of the NZ goes from Alert Level 1 to 2.

  • 3 days

  • 11:59 pm, 17-Feb-2021 Wednesday

    Auckland goes down to lockdown Alert Level 2.

    Rest of NZ goes down to lockdown Alert Level 1.

  • 5 days

  • 11:59 pm, 22-Feb-2021 Monday

    All of New Zealand is at Alert Level 1 – and a return to mostly normal lives – from midnight tonight.

  • Hope the normalcy continues…

Lessons from “What I learned by losing a million dollars” book: issue 1

In the July of 2020, I read What I learned by losing a million dollars book. I blogged a quote that I loved from that book. But there are many nuggets of wisdom and life lessons in the three chapters in the second section of the book titled Lessons Learned.

While this book is about the author’s personal story of how he lost money in the US stock markets, I think the psychological processes he explained in chapters 5, 6, and 7 are universal and equally applies to life as well. i.e. if we swap the words business and markets with life in the following book notes, the principles the author is teaching still hold.  So I borrowed this book again from the library to re-read and take and share notes primarily for myself and for any others interested.

This post is the first in this series to read and share what I believe are important takeaways from this book.

Instead of sharing all the book notes in one large post, I will make a series of smaller posts with the quotes and lessons I would like to remember. I hope you will find them helpful too!

Chapter 6: The Psychological Dynamics of Loss

In this chapter the author explains what happens when a business or market loss gets personalized. He also explains the difference between external, objective losses and internal, subjective losses.

Most people equate loss with being wrong and, therefore, internalize what should be an external loss.

In the financial markets, people tend to have difficulty actively (as opposed to passively, as in the case of the fruit-dealer who expects that two out of one hundred apples will rot and light-bulb manufacturer who knows that two out of three hundred bulbs will break ) taking losses. This is because all losses are treated as a failure; in every other area of our lives, the word loss has negative connotations.

People tend to regard the words loss, wrong, bad, and failure as the same, and win, right, good, and success as the same.

For instance, we lose points for wrong answers on tests in school. Likewise, when we lose money in the market we think we must have been wrong.

Most of the time lose or loss is associated with games. Somehow, the concepts profit and loss get confused with win and lose and right and wrong. But if you lose as a participant of a game, you weren’t wrong; you were defeated. If you lose as a spectator of a game, you must have placed a bet (or expressed an opinion) on the game’s outcome and you lost money (or were wrong), but you were not defeated.

I am still processing the above notes since I first read them some months ago, and I will continue to ponder over these notes for the foreseeable future.

In the next post I will share some notes on external vs. internal losses.