Today might end up being one of my worst portfolio days in years and I don’t see one clear headline that explains why markets suddenly flipped risk-off but this is the price of being a growth investor. Big drawdowns naturally trigger panic and the urge to “do something” but most of the time that leads people to react to price moves instead of asking the more important question like did anything actually change about the business? Don’t let price action convince you the story broke when it didn’t.