Your Most Important Job as an Investor
I just got back from a few days in the mountains and I'm incredibly fortunate I live just a few hours down the road from scenery like this.
I took this shot yesterday.
As we were driving back home, I turned on my phone that had been hidden away to see what I missed while I was away.
I was bombarded. Ray Dalio published an article that went viral and people are afraid the "new world order" is collapsing. Others are worried about the new updates from Claude AI automating their jobs. And apparently Bitcoin is done because of quantum computing.
It was jarring.
I thought back to my favourite finance book of all time, Just Keep Buying. You might've seen it on my bookshelf - the guys on the Morning Show even pointed it out when I was on last, lol.
In that book, Nick Maggiulli writes that over our lifetimes there will be countless economic worries and shifts, but the one constant is that those who stay invested stand to gain.
There is so much doom porn out there. And it's your job as an investor to ignore it.
As a younger guy, I should be more worried than all these "experts" who constantly sell doom and gloom. I'm the one who's going to have to live through it. I've got decades ahead of me.
But I've never been more optimistic about the state of the world.
The markets are at all-time highs. If any of this hysteria was real, don't you think investors would be pricing it in?
Optimists always make more money than pessimists, even in crypto.
Even with crypto down right now, I'm always going to make more money finding technological breakthroughs that could 10x over years than selectively shorting out of fear.
And that's exactly what I'm doing. Right now, I own more crypto than I have in years.
Bitcoin is finding support at its prior cycle highs. Most cryptos have already priced in armageddon. And valuable technologies printing real money in this space have been thrown out with all the other garbage.
That's creating one of the biggest opportunities I've ever seen in the crypto markets.
I'm fortunate I got to spend some time in the mountains of New Zealand to reawaken my mind to that reality.
But you don't need a mountain trip.
You just need to remember your most important job as an investor.
Ignore the doom and gloom.
That's not where the money is.
P.S -
The same thing happening in crypto is happening across every market right now. The consensus winners are losing ground to names nobody's paying attention to.
While everyone's glued to the doom and gloom, the real opportunities are hiding in plain sight.
Jeff Macke is hosting an emergency session Thursday next week on the most overlooked 10x opportunities from AI, and it's not what you'd expect.
It's not tech stocks. It's boring consumer stocks. The businesses that quietly absorb technological shifts and compound cash flow while everyone's distracted by the obvious plays.
That's the exact same setup I just described in crypto. The crowd is panicking about the old world collapsing while the new winners are sitting right in front of them.
Jeff grew up around this. His father was the CEO of Target. He understands how large consumer businesses actually absorb these shifts better than almost anyone I know.
Remember - optimists make money. I'll be there, and I think you should be too.
Cheers,
Louis Sykes
Senior Crypto Analyst, All Star Charts