I've been quoting FDR's "the only thing we have to fear is fear itself" line to all and sundry lately. I really believe it's true: I'm watching fear motivate all kinds of goofy, panic-stricken, bad-for-business decisions. And I'm watching other people take a deep breath, put aside fear, and just figure out how to operate in the current circumstances – and how to succeed.
So I decided to look up the actual speech from which that quote came – and his words are eerily applicable to our current situation. Here's the opening paragraph:
Being in fear is tremendously distracting and limiting. Fear shrinks our point of view: we don't see things clearly; we miss important facts; we have a hard time stepping back and looking at the broader frame. Fear can rob us of our clarity when we need it most.
It's critical to remember, in situations like our current economy, that you can manage your fear by managing your self-talk.