Was at @Starbucks this morning for some coffee…
Protesting was going on. However, I approached and asked them what was going on.
Very nice, respectful people.
Nice to hear from the other side for a change.
No one truly knows the future. Troubling macroeconomic data continues to emerge, particularly with the Feds voiced hesitation on rate cuts, while key technical levels are being breached across markets. Although the majority of S&P 500 companies have handily beaten earnings expectations, it's important to recognize that market psychology still plays a significant role in investing. Current market sentiment is worse than bad. I'm still bullish on Bitcoin and crypto over the long term. That said, this massive rapid selloff has prompted many institutions and funds to reassess their current exposure levels to digital assets.
As investors, our primary goal is to buy quality stocks trading below their current intrinsic value. In the current market, plenty of strong companies fit that description. But success also demands knowing when to raise cash, trim overvalued positions, or even sell outright. Perfectly timing tops and bottoms is impossible, yet active portfolio management can preserve gains and redirect capital toward better opportunities.
Pay close attention to market cycles. Correctly anticipating where capital will flow or flee in the next 12 to 18 months can be a game changer. Above all, stay humble and vigilant. Constantly challenge your theses, learn from mistakes, and remember that the biggest fortunes are often built by deploying cash wisely during downturns, not in the heat of a bull run when valuations are sky high!