• If people are out of the market they have "sold"

  • Thesis: those who are on the sidelines will at some point move back in

    • nervous investors have stocked 3.4 trillion dollars in cash

    • assets into money market funds has grown by 1 trillion dollars over the last 3 years

  • People are as nervous as they were right in the middle of the financial crisis

  • Investors go to cash because the "stock market is too risky"

  • When you own stock; you are a business owner

  • Investing is about a process, not guessing

  • There is always a bull market somewhere

    • there will always be businesses on sale!

  • Everyone loves warren buffet but no one wants to take his advice

  • The power behind knowing what you own and why you own it!

    • you don’t want to know until you’re in a position that you want to know

November 5, 2019