Too many people trade.Too few people accumulate in a secular trend (especially through weakness) and allow it to compound.There are very few rich traders but there are many, many rich people who owned assets for longer time horizons.Zoom out. And don't fuck this up. ...

Core Viewpoint - Treasury Secretary Scott Besson expressed concerns about the procyclical nature of private credit, suggesting that in an economic downturn, investor panic could exacerbate financial instability [1][2] Group 1: Private Credit Concerns - Besson's worry is that private credit, being investor-financed, may lead to panic during economic downturns, unlike government entities that can provide stability [2] - The procyclical nature of private credit could result in investors withdrawing during downturns, which may worsen financial conditions [1][2] Group 2: Private Credit's Role - Private credit has been a stabilizing factor in the financial markets, particularly during crises like the collapse of Silicon Valley Bank, providing necessary capital when public markets were unavailable [5][6] - Investors in private credit typically view it as a long-term allocation, with strategies spanning 5 to 20 years, rather than a short-term trade [8] Group 3: Investment Strategies - Companies like Blue Owl Capital, which manage significant assets in private credit, emphasize a conservative approach, focusing on stable returns rather than high-risk, high-reward opportunities [12][13] - The strategy involves securing long-term contracts with high-quality credits, such as those from major hyperscalers, to mitigate risks associated with technology and market fluctuations [13][16]

Dream a little https://t.co/5qlyYB5Z4PAndy (@ayyyeandy):I'm still max bullish.No reason to change views week by week in a secular trend ...

Market Sentiment - The market maintains a maximum bullish outlook [1] - There is no rationale for altering perspectives on a weekly basis within a long-term trend [1]