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Joined 2 years ago
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Cake day: June 15th, 2023

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  • See, now I have had a few things pegged as being in the denial phase for a while. I’m in Australia, so the housing market I have had pegged to collapse, also I figured we would be heading into a recession coming on 3 years ago and changed businesses to “weather the upcoming recession”

    Now while things have cooled off since then, and I still think both elements are overcooked, I obviously moved way to soon.

    So my question is, how do you time the denial phase? The housing market issue has been going on for about 30 years from what I can tell (though it got more reasonable for half a minute a bit over a decade ago and then went stupid again).

    In my lifetime, and I’m 40 now, I haven’t seen a proper major correction where bad decisions and greed was punished. I should have been “taking stupid risks” the entire time and I would have been just fine.