There is more risk in a raging bull market than a bear market.


I know that sounds backwards...
But in a bull market people FOMO in at the top.
They overpay. They overbuy. They overleverage.
They feel smart right up until they do not.
In a bear market quality companies get cheaper and safer.
You are buying real value at a discount.
Fear is not risk. Paying too much for something is risk.
Remember that the next time the market is green every day and everyone is a genius.
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