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.
Your inner-peace should not be dependable on anybody. The fast track to inner peace is to meditate and treat others with love and empathy.
Most that have achieved enormous success did not conform. All great founders are well-mannered misfits. None of the founders we back are ordinary people.
After a bit of soul searching and lots of pain, a new path has begun. I am experimenting with new projects. One step at a time. 1% better every day.