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97. MONEY | 2023 Preview and Annual Review

Alfalfa Podcast

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How Do You Measure the Success of a Bull Market?

At the end of a bull market, the goal should be to have a lot more cash than you started with. And especially if you're as active as say we are thinking about it every week and you might be able to spot some cyclical moves, it kind of makes sense to actually move into cash during a bull market. People don't really think that they're just like, as you said, they fear about missing the gains. In that fear, in that FOMO, you buy the top, you hold too long, you don't take profits and in your screwed.

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