When facing substantial portfolio losses, consider reframing the narrative. Instead of fixating on recovered capital, redirect that mindset entirely. The money's likely gone anyway—might as well extract genuine value from the experience.

Yes, throwing liquidity at fleeting pleasures sounds reckless. But here's the paradox: regret often stems not from what you spent, but from years spent chasing phantom gains. Experiences crystallize into memories. Memories compound into meaning. Cash in a bear market? That just sits there, corroding your psychology.

The real portfolio is time itself. Experiences outlast every bull run you'll ever chase. When you're looking back decades from now, you won't measure wealth in holdings—you'll measure it in stories actually lived.