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No Mercy / No Malice: Every Seven Years

TedTed
in Fund Discussions
FYI: Jamie Dimon’s (CEO of JPM) definition of a financial crisis is “something that happens every five to seven years.” It’s been eight since the last recession. As you get old enough to observe cycles, as actual cycles, you begin to recognize the economic time you’re in is a point on a curved line and, sooner than you think, the direction of the line will change. Better or worse.

An asset bubble is a wave of optimism that lifts prices beyond levels warranted by fundamentals, ending in a crash. I promised myself that I’d be smarter the next time. “Next” meaning on the cusp of a pop or recession. So, how do you ID when we’ve entered the danger zone, and should you adjust your behavior / actions?
Regards,
Ted
https://www.l2inc.com/daily-insights/no-mercy-no-malice/every-seven-years

Comments

  • LLJB
    A nice article that puts buy low and sell high in a different perspective than I've read before. Thanks Ted!
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