Evergreen Capital’s Post

"Economic expansions don't die of old age, they are murdered." I talk to a lot of people hesitant to invest in private deals today. They are gun shy and are either: 1. Waiting for an "All Clear" sign from the Fed on rates 2. Waiting to see if the economy sputters out of gas Unfortunately, markets and the economy don't work that way. They die from black swans: - Tech Crash - Oil Spikes - Inflation - COVID - Wars - GFC - 911 We can't predict these things. And if you wait for everything to be 100% rosy, you'll likely be buying at peak pricing. So if you need things to be both obvious AND cheap.... You'll be waiting a long time. Therefore, you either have to: - Buy when there is blood in the streets and you're scared sh*tless - Buy quality that can grown + outperform even if you pay full pricing I don't remember who said this, but I constantly need to remind myself: The hardest time to invest is always...right now. Credit: Jim Bianco for this economic framework