Do you wanna be right, or do you wanna make money?

This has been my sentiment for the last 3 years. You can agree with the Fed’s monetary policy, you may disagree with it, but the trade for the last 3 years was to be long equities. And that’s that.

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6 thoughts on “Do you wanna be right, or do you wanna make money?

  1. Vladimir says:

    Yep. Now the question, for me at least, really is: what do you do now with some surplus cash? I never really pulled the money out of the market en-mass, I added on the dips. But adding now does not seem prudent to me…

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  2. I’m staying in but not adding. I was thinking of lightening up a bit (especially after that David Stockman article) but since I’m in it for years not months, decided to stay. I’m prepared for a wild ride. Still better than guessing entry and exit points.

    • Vladimir says:

      I let no one article sway me…;) Because a few clicks away there is another one with a similarly compelling argument proving an opposite point…:) So, I just go with my gut and it does reasonably well, I am right abt 50% of the time…:))
      And just like you I stay in, but I expect it to get ugly, so see you in a soup line…:)

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