How did you establish low probabilities of very high inflation? Everything else you said in your last post isn't relevant.
It's very relevant just beyond your comprehension right now and I'm not going to explain it to you. Ask yourself why so many traders were horribly wrong about everything from 2009-2013. And many repeated the same mistakes in 2020 to some degree.
I remember touting BMO at $60 Cdn March 2020 and the response was either that it likely would go lower, or that the returns just weren't interesting. So a little over a year later it's a blue chip stock that trades at $124 Cdn and paid a 7% dividend at $60. There really was almost zero risk buying it in March 2020. So how did I establish that in March 2020 ? And why did people who trade for a living feel the need to dismiss such an obvious buy out of hand ?
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