Hedge Fund Titan – Says ‘Greatest Credit Bubble in Human History’ Is Set to Pop

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The hedge fund titan who’s been watching for ‘black swans’ for decades says the ‘greatest credit bubble in human history’ is set to pop—but he’s not worried.

And to be frank, the response from the expert shouldn’t be as hugely surprising to the author as he implies because this is pretty common advice even from regular bank staff. It’s pretty well known that your best weapon in riding out even black swan events is to have time on your hands, and if you haven’t got that (where “time” depends on the risk profiles of your savings) you should already not be in the market.

It’s easy to get emotional and do reactionary things though! Even pros fall for it! Investors have killed themselves in financial crises! To calm myself, I use to look back. It felt like the sky was falling at some points in 2008 with structural collapses so that’s when I use to look at those historical charts and what happened after the crisis.

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