The most unnerving moment in my 2024 investment journey was August 5 selloff event. A seemingly obscure concern about something called “unwinding carry trade” emerged from Japan, crashed their market (-17.5%, a largest 2-day decline in history, OMG), and then reverberated through the world. Though recovery was swift, and S&P is now up over 19% from the panic lows on August 5, it was still a mighty reminder of what market panic looks like.
My personal choi...