PSU’s DC……
In the current environment, I like it. As an investor, you sell when everyone else is buying way too high. The price tag for big name coaches is crazy. Save the money, see if there is a major correction in the coming years via a recession or just schools realizing college football doesn’t help THAT much to pay $10m for a coach.
Remember that ten million Biden-bucks equate to about seven million before Biden dollars.
Liquid cash only makes up a tiny percentage of overall dollar backed assets. When Trump, Biden, Congress, and the FED printed 10T, they truly only increased the dollar amount by 5%. The massive jump shows me that people are over leveraged as they take that 5%/10T to buy $50-100T of assets. Thus, producing 15-30% inflation based on a ton of leverage.