Founder of the world’s largest hedge funds says the ‘magnitude’ of the next downturn will be epic

General and vague.

 

Don't think so highly of yourself. I was responding to the quoted article.

 

At least he should feel much less guilty before money-bag investors if he wipes out his fund during next downturn. "Didn't I warn you that nobody will dodge from the next big hit" he will probably say..

 

Get ready for the next financial crisis
http://www.afr.com/markets/equity-markets/get-ready-for-the-next-financial-crisis-20170410-gvhvul

 

That sort of thing is inevitable, isn't it?

 

No, there is an alternative view. This was written in 2010 when the dow was 10,000. Respected author.

 

It's still inevitable, at some point it will correct / crash again. I mean I guess its possible humans overcome years of history and instinctual drive / emotion, but that seems somewhat unlikely.

 

Not until 2025 according to the book.

 

nothing is going down until we get everyone long and euphoria. Until people start talking about buying stocks as it's a 'no brainer' at BBQs / supermarkets best to stay long. When the majority of the crowd start buying the 'Dow 30k lock in' that's when we will have a correction.