“Watching neighbors get rich at the end of a bubble while you sit it out is pure torture”. Jeremy Grantham
Why be masochistic and sit out one of the greatest bull markets in history? If you have clear guidelines: milestones based on other bubbles such as stock markets in the 1920s and 1980s, then you can profit from both the bubble inflation and when it bursts. Like then, current stock market valuations are not sustainable. But, even with the anticipated Trump inspired increase in inflation, that doesn’t stop valuations going much higher before much lower. That is the nature of a bubble.
I remember after doing one of the early Podcasts with Justin, the question arose about“how do you manage so many Stocks?” – I can’t actually remember if Justin asked me this or whether it came about from a Reader/Follower afterwards but that doesn’t matter – the point is that I don’t think I have ever actually got around to answering it and this Blog hopefully will put that major deficiency to rights. On top of that, it actually fits in a treat with some Draft Blogs I am working on about ‘Cutting out Noise’ and my original intention was to include it as a Part of that Blog Series but then I decided it was so important that it deserves its own Blog. So here it is…….