Many are talking about the risk of inflation, including the FED. Powell's latest speech touched on that point. He thinks inflation will be temporary, mostly correlated with the pent-up demand we have. Supply chains and service providers will have to adapt to the new normal. Once that adaptation happens, inflation will be temporary. One can only hope.
As I was doing chores yesterday, I was listening to his speech last night.
The more you print dollars, the less value they have. It is all not so funny that the SEC paid a visit to Michael Burry this past week, after his tweets (that are now deleted). I agree with him.
This is a pretty complex scenario, one that could cause a thermonuclear correction in the stock market.
Howard Marks made interesting points about pent-up demand in his latest memo.
Just buying Bitcoin isn't enough of a hedge. Make sure you are a) investing only with your money (no leverage) b) have the necessary mechanisms in place for havoc protection and advantage taking.
I am perma-long tech and bought more stocks two weeks ago. Most of my investments now (after 18 months of more aggressive trading) are all with a 2-5 year horizon.
Starting this week I am going to take a break from public equities and focus all my capital on a less risky asset: private startups!
One must always have skin in all the games one plays.
As I am back in SF, I have been looking to catch up with friends over dinner. I can’t imagine how painful it must be to own a boutique hotel or a restaurant.
The best advertisers read TechCrunch more than AdAge. Software has never made the advertising and the publishing industry so interesting.
As we approach significant milestones at Atman, it is time to have an office again. We are all going to adapt to a hybrid way of doing things.