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Experts have correctly predicted 20 of the last 3 market crashes. I've been predicting a market crash since ~2010, and I'll admit that I've been wrong again an
by HideousKojima 5y ago
Experts have correctly predicted 20 of the last 3 market crashes.
I've been predicting a market crash since ~2010, and I'll admit that I've been wrong again and again. Being wrong has reinforced two things for me: the old adage that the market can stay irrational longer than you can stay solvent, and that governments and other major interests will go to almost any lengths possible to keep distorted markets propped up.
- the-pigeon 5y ago> and that governments and other major interests will go to almost any lengths possible to keep distorted markets propped up. This here is pretty key. Those on top will do just about anything to stay on top. As such I try to make sure my own interests align with them. For example, most wealthy people keep very little of their wealth in cash. Meaning inflation doesn't hurt them, in fact in most cases it helps them. So I try to keep little of my money in cash. Diversification of course is always the golden rule.