Navigating Markets Post-Crisis

This chapter explores the journey of launching an investment firm after the 2009 financial crisis, emphasizing the impact of the sell-side sentiment indicator on market perceptions. It highlights the internal conflict between maintaining a bearish outlook while pursuing entrepreneurial aspirations, alongside strategies for effective client advising during market downturns. The discussion also introduces 'pactive investing' and emphasizes the importance of disciplined, macro-driven approaches over succumbing to market noise.