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Investors Therapy #11: Be careful out there

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Hey Tribe, Looks like most investors are sitting on piles of cash and are dying to roll the dice on m
 

Investors Therapy

September 28 · Issue #11 · View online
The best investors focus on improving their thinking habits before investing in the market. Investors Therapy is a monthly newsletter that covers all forms of investing and helps investors understand their psychology to make better investment decisions. If you're ready to take the next step in your investment journey, subscribe!

Hey Tribe,
Looks like most investors are sitting on piles of cash and are dying to roll the dice on markets. We are now seeing too much cash chasing too few deals be it in real estate, stocks, startups, or private equity, which is driving down returns for most investors.
Things that are concerning me:
Are we headed for an immediate recession? No. But should we start focusing more on the risk aspect of the risk/return trade-off? Yes.
To paraphrase Howard Marks, markets tend to swing between two extremes: euphoria and depression. We are way past our depression phase (where most of the money is made), and now we are creeping towards the euphoria phase (where most of the money is lost).
So shall we sell our positions and sit on our hands? Nope. Let your winners ride. Can we still deploy capital? Yes, but make sure you are clear on why you are deploying capital in order to protect yourself from the down side.
Cheers,
Jordan
PS - Recently we launched a Silicon Valley Investors Club, so we can talk all things investing. Feel free to join our group!


FYI: The US doesn't have an extradition treaty with Mars.
Investor Psychology
THE SEVEN WORST WORDS IN THE WORLD
Undervalued Financial Advice
Stocks
Sears CEO proposes restructuring plan to avoid bankruptcy
Elon Musk Sued by SEC in Tesla Case - Bloomberg
Tesla Owners Bailing Musk Out Of 'Delivery Logistics Hell'
Startups/VCs
Softbank plans multiple $100bn funds to fuel global tech investment
How to Find Investors | Thrive Global
Economy
Fed raises U.S. interest rates, sees at least three more years of growth | Reuters
U.S. consumer confidence races to near 18-year high | Reuters
Why Do Debt Crises Come in Cycles?
Watch out for the yield curve
Real Estate
UBS Global Real Estate Bubble Index 2018 | UBS Global topics
In Apple’s hometown of Cupertino, a debate over the fate of an old mall epitomizes Silicon Valley’s class divide - Recode
Pending home sales fall 1.8 percent to slowest pace since January
Miami is still the worst city for renters in the U.S. | Miami Herald
Elizabeth Warren proposes bill to fix housing crisis - Curbed
6 ways buyers have changed since the housing bubble | Sacramento Appraisal Blog | Real Estate Appraiser
CA super commuters | Some Central Valley residents have longest U.S. commutes | The Sacramento Bee
Careers, Society, and Personal Development
Brain Cancer's 'Immortality Switch' Turned Off with CRISPR
Found: second draft of Galileo's argument for a heliocentric model
Census: 39.7 Million Americans Are Poor
As aid checks go out, farmers worry bailout won’t be enough | PBS NewsHour
Why We Hyperparent, Helicopter and Heavily Manage Our Children | The American Conservative
Drivers for Uber, Lyft are earning less than half of what they did four years ago, study finds - MarketWatch
Watch/Listen
Dalio on Turkey, Argentina, and the Next Economic Downturn - YouTube
When The Dutch Ruled The World: Rise and Fall of the Dutch East India Company - YouTube
“Skin in the Game” - Nassim Nicholas Taleb Speech At RPI's Media & War Conference - YouTube
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