Preparing for a long bear market and identifying the next growth opportunities
mhonkasalomhonkasalo.substack.com
Saved by 0xsmac
Preparing for a long bear market and identifying the next growth opportunities
Saved by 0xsmac
My investing strategy doesn’t rely on picking the right sector, or timing the next recession. It relies on a high savings rate, patience, and optimism that the global economy will create value over the next several decades. I spend virtually all of my investing effort thinking about those three things—especially the first two, which I can control.
In investing you must identify the price of success—volatility and loss amid the long backdrop of growth—and be willing to pay it.