Thoughts On: Corrections, Crashes, Recessions, and Inflation
On Tuesday, August 6, I had two separate conversations with two very different people: a client with a million-dollar portfolio and a friend who has some Bitcoin. And they asked the same question, “What should I do?” I had not been paying attention to the world since Thursday, so my first question was “About what?” They replied, “The Market!” and caught me up on all the terrifying things that were happening. Once I was up to date my immediate (and terse) response was “Nothing, don’t worry about it.” They found that less than satisfactory and asked me to elaborate just [...]