“Every bubble has two components: an underlying trend that prevails in reality and a misconception relating to that trend.”
All of the value creation for investors comes from the actions they take in falling markets, not rising ones
I Collect Cashflows
Been doing it since my late teens.
This is all you really need to know.
Focus on what you can control
a little perspective may be in order.
The worst thing you could do right now
No one should have an allocation that keeps them from sleeping with the S&P 500 only a few percent off an all-time high.
The new Fear and Greed
You can practically feel it in the air.
A message to my new class of Milestone Rewards clients
Just to give you some sense of who these 22 families are…
The taper, when it comes, will feel like a relief
Come the stock and bond price correction, it will feel like a gift.