Macro Smacro

World War 3, Here’s what you should do.

Nothing!

Yep you heard me l, do nothing.

I joked on X.

“It’s generally not a bad idea to buy when it looks like the world is going to end. Why? Because if it does end no one is going to be chasing you up for payment on the shares you bought. If it doesn’t end, you can boast to your friends about your steel like appendages” @Alonzo_CTHG

I will completely ignore the steel appendages joke and move onto the fact that if a 3rd world war happens your portfolio will be last of your concerns. If you are seriously worried start stockpiling canned food and water. That will serve you much better if the Big Bang happens. Note: I’m not stockpiling food.

Ok now to the point I want to make with this article. I’m reading a lot of macro takes on social Media but I’ll tell you the truth. No one knows what will happen or more importantly for us what the market will do.

I’ve been in the market for 30 years and I’m still yet to find anyone who consistently gets macro right. Even Buffett says hiring 1 economist is 1 too many.

So the lesson is ignore the “experts” there are none, and stick to your plan.

If you’re worried and you need to do something to preserve your emotional capital. Sell a little or short a little. In the grand scheme of things it won’t make a big deal return wise but you’ll be surprised how a little action can help you sleep better at night.

We will get into records keeping later but my records show I perform around 14% better when I’ve slept 7 hours consistently over the previous week.

14% adds up quickly the longer you’re in the market.