Don't Risk What You Have For What You Do Not Need

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I think when you're paying attention to what other people do, you're not actually understanding what is their strategy. And you have to decide that for yourself. I tweeted about this the other day, that, to me, means that if i have an investment that has gone up 200 and i was expecting that to happen over five to ten years, i might take some off the table. Even if that means i'm going to lose out, whether it's in the short term or the long run,. Because i want to take some of those profits because it's going to help me sleep at night. It'sgoing to help me stay psychologically sound. You mention like offence defense, he's

At a time where several asset classes are at all-time highs, there's a lot of talk about whether we're in a bubble. That, coupled with crypto assets falling to ~half of their highs, prompted Cal and Steph to dive in to try to answer this question.

In this episode, they discuss the markings of past bubbles, the innovation hype cycle, the difficulty in profiting from nascent innovations, the importance of educating yourself and building your own conviction behind your decisions, managing your psychology (offense vs defense), the cyclical nature of market cycles, and of course... the burning question of whether they think we're in a bubble today.

They also share how they've fared in crypto and how they're thinking about investing moving forward (including Cal's foray into de-fi)

Recommended resources include the books "The Simple Path to Wealth" and "A Random Walk Down Wallstreet", as well as economic indicators like the Shiller PE ratio: https://www.multpl.com/shiller-pe

*** NOT FINANCIAL ADVICE *** :)