In the recession plan call, you said “don’t sell now” and also “don’t buy now.” That makes sense to me.
By the way, I got so much from this call!
But I’m still unclear on the selling strategy specifically.
If not now, then when?
What would actually trigger a sell decision in a potential pre-recession environment? I’m trying to understand how we balance not selling too early with not riding the full ~50% drawdown.
Are we attempting to anticipate a recession based on how significant or permanent the news appears?
I assume we don’t want to wait until the market has already fallen 20% before reducing risk. At the same time, if someone held through most of the drawdown, can that still become a major wealth-building opportunity if capital is deployed strategically near the bottom?
I’m really trying to understand the decision framework here.