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smallmancontrov • today at 12:10 AM • 0 replies • view on HN

The stock market is $80T, cash is $20T. The former cannot "weather the storm" in the latter in aggregate, even though I'm sure there are individuals who successfully timed the market.

> At no point in the cycle is it better to be poor than rich, but the contractionary quadrant is the one where the gap shrinks.