The FOMO Indicator - “We’re Near the Edge of Playing with Fire”

1 year ago
75

Charlie Munger is one of the best investors in history, ever. He is Warren Buffett's Guru.

We are close to playing with the edge of fire. Back in February 2020, he warned of “Wretched Excess”. And his warnings were blistering.

Now, even though I am very bullish on resources and commodities, with gold and our gold stocks in particular, I am stressing everyone to be patient and not chase any stocks.

The tech world has gone parabolic over the past year as Fear of Missing Out (FOMO) has taken hold.

The world economy shuts down yet IPOs trade at record valuations? Call me old fashioned, but that seems like a stretch to me…

The FANGs index, which is composed of the largest technology companies, has soared 150% over the past 12 months.

The disconnect between the real economy and the stock market has led to many subscribers and readers wanting additional protection.

And we can measure this with something I call, a FOMO Indicator.

If there is a panic selloff, we need to be protected. Watch the video to learn more about risk mitigation and portfolio protection.

#CharlieMunger #FOMO #Investing #StockMarket #TechStocks

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