3min chapter

Stansberry Investor Hour cover image

How To Gain an Analytical and Behavioral Edge in Investing

Stansberry Investor Hour

CHAPTER

You Shouldn't Buy at Mega Bubble Valuations

You have no career risk, right? H the v c investors and the money managers, they got to keep investing. And that is a very, very good thing. Exploit this position to its maximum. That doesn't mean sell everything and go to cash, right? Means prepare for a wide variety of outcomes in the market. I think you should hold plenty of cash by all means. Hold the stocks of high quality companies. Don't buy any more tech garbage, period. You remember, in two thousand two there were little tech companies trading for discounts to the amount of cash they held. We're not there yet.

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