🪣 A correction, not a crisis
optimisticallie.com
🪣 A correction, not a crisis
The cyclical nature of market optimism versus pessimism and the contrarian investing strategy of being prudent.
TRANSCRIPT
Do we have to be more prudent than ever right now What your base case on that kind of optimism versus pessimism point Well first of all I don think there is a norm about the swing of optimism to pessimism and vice versa But the stock market goes up seven or eight years out of every 10 So you can take it from there, but usually not in the 20s of
... See moreHistory shows some of the best opportunities come in bad times, not good ones.Though we’re not in the business of prediction here at Stonks, in the words of Lord Byron: “The best prophet of the future is the past.”Put simply, if public/crypto market turmoil persists, early-stage valuations may well drop ~30% or lower (i.e.below levels seen merely a... See more
Tom White • How does Early-Stage Venture Capital Perform in a Recession?
Emotional investing, market pessimism, trusting unemotional experts, and building rules to avoid timing the market.
TRANSCRIPT
But I probably lost 10% of my net worth and 25% of my stock market value by acting out of emotion.
Also, what I find is that when people hate a market like this, it usually goes up. And that is, again, this notion of climbing a wall of worry. And that it's when you're expect it's it's really interesting that the stuff you're
... See more