2022 is a very interesting year for the stock market. Only years that we’ve seen it worse are 74, 02 and 08 https://i.imgur.com/T6zVy7f.jpg

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Fred Wilson wrote a nice post about this: https://avc.mirror.xyz/NC-WC3cUf2s_xyEJtpEWeSRqi1P1G5rC9a5n9vGDudc

Thanks for this one @fredwilson.eth - this has been helpful for me in framing asset allocation more broadly in this environment. I haven’t been able to shake Druckenmiller’s recent statements saying his base case SPX500 is flat for a decade. Im
thinking that 1031 exchange might make real estate more compelling but 🤷‍♂️

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100% agree that you should be investing but whether the SPX500 is the obvious bet is my question. This article sums it quite nicely from the naughties - https://purefinancial.com/learning-center/blog/how-diversification-won-the-lost-decade/

I talked to @aman about this and my position is that Druckenmiller is right but in M2 terms. Also that doesn’t mean that you shouldn’t invest.