How To Use The 2023 Recession To Get Rich
'It's all the brand'
How an Economic Moat Provides a Competitive Advantage
"What Is an Economic Moat?
The term "economic moat," popularized by Warren Buffett, refers to a business's ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share. Just like a medieval castle, the moat serves to protect those inside the fortress and their riches from outsiders."
https://www.investopedia.com/ask/answers/05/economicmoat.asp
At the end it was about HODL good companies. This isn't my favorite advice to be honest as we may be facing a great depression. the Stock market has 3-4 times within the past 100 years needed 20 years to recover to all time highs. You don't want to be stuck as a bag holder for 20 years. I think we just may be reaching such a time because the last time that happened is far in memory.
Even the guru's can say "yah HODL long enough for good moat's and you will eventually make a profit again." So fine that's all well fine and good, but not as an investor without cash-flow. So you have to have cash flow whether you like it or not.
Alright so maybe wealth preservation is more important in this day and age. I have already spoken about gold, silver, crypto. Real-estate? Well we are just waiting for the commercial real-estate to pop. We know it will pop at some point.
Just looking at SLV we know the legacy system will smack it down.. y'know sell some 100's of billions of silver in a day! Well everyone knows what I recommend who read this blog. Perhaps you can give me a rosy-picture and something that will preserve your capital.. aside from alcohol.
