Insights Live: Which Way Now? A Conversation with Howard Marks:

https://www.oaktreecapital.com/insights/insight-video/market-commentary/insights-live-which-way-now

Good discussion on risk posture considerations. I always keep in mind that I don't have to be all in or out, I can adjust on a percentage basis. 

In our household case, there is a percentage that we will adjust in extreme conditions. Buy when things are very oversold like the June lows period and sell when things are very overbought like the period we are in now. The rest we hold and continue to accumulate, unless we hit new highs, then we would look to possibly adjust some more into those areas. I've worked it this way for years and it has kept us out of trouble and less volatility. We prefer a smoother ride, everyone is different. 

I personally prefer to not have to care about if the market is up or down during a given day. I value this more and more the more I'm alive. I can invest more time into what I value, relationships with those I care about, learning, and exploring new places/interests. 

The one asset I value the most that isn't often discussed is: TIME 

Time is limited and that never changes, so I have to plan accordingly for my use of it.