Most people are waiting for the AI crash. But what if it never comes?
The real problem isn't predicting bubbles — it's the behavioral trap. Everyone knows buy-and-hold works. Nobody can actually do it.
Why? Because sitting through drawdowns feels impossible when your portfolio is bleeding and everyone else is panicking or rotating into the "next big thing."
The Fed didn't raise rates to fight inflation alone. They raised them because markets had lost all sense of risk. Free money creates bad behavior. Discipline requires cost.
Meanwhile, 10-year return projections are sobering. Valuations matter. Starting points matter. If you're expecting 2010s-style returns from here, you're probably setting yourself up for disappointment.
Patience isn't sexy. But it's the only edge that lasts.
The real problem isn't predicting bubbles — it's the behavioral trap. Everyone knows buy-and-hold works. Nobody can actually do it.
Why? Because sitting through drawdowns feels impossible when your portfolio is bleeding and everyone else is panicking or rotating into the "next big thing."
The Fed didn't raise rates to fight inflation alone. They raised them because markets had lost all sense of risk. Free money creates bad behavior. Discipline requires cost.
Meanwhile, 10-year return projections are sobering. Valuations matter. Starting points matter. If you're expecting 2010s-style returns from here, you're probably setting yourself up for disappointment.
Patience isn't sexy. But it's the only edge that lasts.
