... The happiest hours of mankind are recorded on the blank pages of history.
The pages of history are not very blank right now. We live in interesting times.
Keep a Cool Head
I think the first step is to acknowledge that these are not normal financial conditions. Far from it.
Normal financial conditions are when interest rates are at 6%, you can reasonably save for the future in a bank account, stocks are neither rich nor cheap, bonds aren’t trading at 160 or 180 or 200 cents on the dollar, and dozens if not hundreds of startup companies aren’t valued at more than a billion dollars.
None of this is normal.
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