The blog I Will Teach You To Be Rich found a fascinating, if not scary, slideshow presentation from venture capital firm Sequoia. You owe it to yourself to take a look at it.
The long and short of it is market cycles are long. With the US debt load as high as it is and the average savings account adding up to a Starbucks’ Mocha Latte, there are will be some serious challenges ahead.
If you read my rant on the economy from a few weeks back, you know my opinion. But in case you weren’t paying attention, now is time for us to to shore up our reserves, put on our thinking caps and buckle down and get to work.
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Those were the best out of that deck. What’s amazing is how solid that advice is and leaves me wondering what advice do they give when the outlook is more bullish?
Brad,
Thank goodness I’ve got 75% equity in my home and cash in the bank.
But, there is opportunity even in a recession. I just wrote an article on my blog about what to sell during a recession.
Going through the exercise of looking for opportunities rather than dwelling on obstacles was very helpful.
Hey, Warren Buffet just announced that he’s going on a stock buying spree because market fear is depressing the value of stocks in healthy companies too.
Thanks for the link to the slideshow,
Andrew Seltz
The Go-To Guy!
http://www.GoToGuyEnterprises.com
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