I have learned two valuable things this last week. One is that I am hopelessly addicted to electronic stimulation (my phone). So much so that I find it very hard to read an article. About halfway through the page, I will check my email, SMS, or Linkedin. In a world where investing has gotten much harder, I need to reprogram my brain for Deep Work. In doing so, I incorporated apps on my phone to block time usage and dedicated time on my calendar to go deep on subjects without electronic interference. Onward.

I also learned that the next 18-24 months would be excruciating for the markets. I do not see any indication that there will be any relief for the needs unless we see a dramatic decrease in inflation, employment, and earnings. It is pretty scary that we are at a point where we are rooting for these things. Regarding capital allocation, I wish I had harvested more cash over the years, as I am fully invested. The result would be a more significant tax hit, but it may be worth rebalancing to sectors with additional growth.