Thanks for the tip to check out Howard Marks! Very fascinating guy. Incredibly smart and incredibly objective! Love it.Warren Buffett once said: "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something."
I'll ride with Howard. No offense.
Gives me a ton to think about. I'll definitely follow this guy...
His recommendation seems to be to move from equities to debt instruments going forward. His "Sea Change" article lays out some pretty compelling points.... (Sea Change). His rule seems to be in line with buffet's rule number 1 (don't loose money...lol). Will be interesting to see if rates will ultimately go back up or stay put...
Not sure how it applies to the blockchain world though... or ai world for that matter... (other than looking at liquidity levels).
It really feels like the roaring 20's to me.... just not sure how long till the merry-go-round stops... because once it does.... I think things will drop in a hurry.... Marks' philosophies/recommendations are incredibly sound... but it's hard not to ride this upward train for longer.
Crazy stuff!!
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