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.
Protecting yourself from your mind and ego is a daily endeavor. When you are not present, the voice of your thoughts comes in and dominates you.
There will not be a single day in which you won’t face regular adversities of living in the earth-plane, so teach yourself how to be at peace and in stillness.
A dear friend of mine gifted me Paramahansa Yogananda's most famous book, the Autobiography of a Yogi. Then, I found his book called the Law of Success.