Good morning everyone.

My link the other day to the Y Combinator letter advising founders to plan for the worst post did not work. Here is the post.

Onwards…

I am going to do a series of posts on ‘What To Expect Next’ (across public and private markets) as I continue to digest calls and quarterlies and discussions with some of my favorite investors.

Today I will start with ‘fear’.

It feels like I have spent the last five months being a grump on this blog about the markets and investing. I hope it has helped some of you.

I have good news and bad news…

The good news is I am going to stop being a grump and talking about the bear market (other than Momentum Monday’s).

Also – used car prices are finally falling:

And Rolex pricing:

The bad news is the rest of the media world is going to be upping their grumpiness and fear mongering.

Be on the lookout for this and how it affects your mood. Take a look at this chart below of the ‘bear market’ headlines:

This fear mongering will be tiresome and awful, but it is part of the cycle.

I am already on the other side of it looking for alpha and opportunities.