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.
When solving problems or dealing with multiple daily requests often my mind will get busy, worried and distracted and I lose flow.
If you are a founder reading this, it’s important to understand that you are our customer, and we live to serve you, not the opposite.
In today's episode, I chat with Rodrigo Teijeiro, founder of RecargaPay, a leading mobile payments fintech in Brazil that has reached more than 3,5M users.