Stop Buying Stocks Because They’re Cheap
Takeoff is the part that gets me. Not turbulence. I have serious flight anxiety, but not the part you'd think. I'm fine once we're in the air. I love landing. It's takeoff — the moment we commit and leave the ground — that's what I white-knuckle through. I flew overnight to France last week, and yesterday I was trackside at the Monaco Grand Prix with a glass of champagne at rooftop party, watching cars commit to corners most people would brake into. Somewhere between the flight over and that race, it hit me that this is exactly how most people trade. They're not afraid of being in the trade. They're afraid of getting in. So they wait for a stock to feel safe, and "safe" usually means they wait for it to fall. Here's what I see constantly, and I want to talk you out of it. We're in bullish