When the markets are at all time high, the public buys mindlessly. Ignoring the valuations. Risk rewards ratio goes for a toss.
They go all in.
Zero cash.
Leveraged.
It is those people who gain the most when markets rally and are at most danger when the market goes down.
Being prudent & cautious when markets are at peaks will help you go a long way.
Now as always, some people would get scared and DM me and ask “should I sell everything and go away?” No. Read the blog again.
