“For if we take an examination of what is generally understood by happiness, as it has respect either to the understanding or the senses we shall find all its properties and adjuncts will herd under this short definition, that it is a perpetual possession of being well deceived.” — Jonathan Swift, A Tale of a Tub

Yesterday, Barry Potekin from the RMB Group took the stage and said something that hit home with me…

He made an off-hand remark about the Jonathan Swift quote cited above.

“Happiness is a state of being well deceived. And if you think you’re diversified because you own stocks in different sectors, you’re crazy.”

And according to every study on wealth building I’ve ever seen… Barry’s right.

It’s not about owning any one specific stock, commodity, or property. It’s about having a mix of investments that perform independently of each other.

But in this crazy world of infinite free money… where everything has been pumped up on cheap credit… how do we do that?

Barry’s answer to the question is to consider investing in managed futures, which is a commodities-oriented strategy that isn’t directly correlated to the stock market.

It’s a strategy that’s been used by family offices and hedge funds for years to reduce risk and improve returns…

But Barry’s comment triggered a big insight for me that I wanted to share with you today.

And I think it’s the reason we get together every single year at an event we call the Irrational Economic Summit.

For years, we’ve been living in a state of perpetual delusion about what’s REALLY going on with the economy.

Our leaders try to keep us distracted and happy with perpetual propaganda…

They need us to believe that everything is okay. That this bubble in everything isn’t real. That the problems from 2008 have been fixed.

They haven’t.

And people are starting to wake up.

They aren’t happy. They’re worried.

They’re all starting to realize the emperor has no clothing.

And this is why we’re about to enter into a period of massive disruption.

Happy People Don’t Innovate

When Harry opened the conference, he said something profound… and I’ll paraphrase it here…

“Unhappy people are the ones who innovate. Unhappy people are the ones motivated to achieve. Unhappy people resist the status quo and fight for something different. And these are the people who disrupt.”

So, let me ask you a question…

Do you think people are happy right now? That the status quo will prevail and this market will keep on marching hire?

Or do you think people are pissed off, and the world is ripe for dramatic change?

And more importantly…

Are You Happy Right Now?

Are you happy with the way things are going? With the returns you’re getting? With the amount of money you have saved?

If you’re not, maybe it’s time to do something different.

Maybe it’s time to consider new ideas, or time to reject all the garbage you’re hearing from the government, the crooked politicians, and the plethora of fake news from all sides of the aisle.

And maybe it’s time to consider that the “common wisdom” you’ve heard about investing is wrong.

Which is what Charles Sizemore talked about in his presentation Securing a Stable Stream of Income Amidst the Chaos.

According to Charles, the traditional financial plan is ripe for disruption.

Traditional financial planning calls for a glidepath from heavy-equity exposure to heavy-bond exposure as we age.

But that belief system was formulated when the bond markets had some kind of meaningful yield.

Which is why Charles says you need to focus on active trading rather than buy-and-hold investing… the exact opposite of what you’ve been told for the past 20 years!

So, if you’re worried about your retirement… you’re worried about outliving your money… or you’re just plain worried about creating income…

Make sure you check out Charles’ talk (click here for details).

Today’s Schedule

9:00 AM – 9:40 AM Q&A with Harry Dent and Rodney Johnson
9:40 AM – 10:20 AM How to Profit from Sector Analysis in the Age of Disruption, Adam O’Dell, Chief Investment Strategist, Dent Research
10:20 AM – 10:50 AM Coffee Break and Time to Visit Exhibit Hall
10:50 AM – 11:50 AM The Donald, The Deep State And The Undrainable Swamp, David Stockman, Editor, Contra Corner, Deep State Declassified, and The Stockman Letter
11:50 AM – 12:30 PM Disruption in a Trillion Dollar Industry, John Del Vecchio, Editor, Hidden Profits & Earnings Insider Alert
12:30 PM – 2:00 PM Lunch Break
2:00 PM – 2:40 PM A Top-Down Approach To Markets Using Intermarket Analysis To Find Stocks To Buy, JC Perets, Founder, Allstarcharts.com, Editor,Breakout Profits
2:40 PM – 3:40 PM Panel: Harry Dent, Lacy Hunt & David Stockman — Moderator, Rodney Johnson
3:40 PM – 4:20 PM How To Profit From Interest Rate Volatility: How Fed Actions Help Us Win!, Lance Gaitan, Editor,Treasury Profits Accelerator
4:20 PM – 4:50 PM Coffee Break
4:50 PM – 5:50 PM Fireside Chat: Charles Sizemore, Roger Conrad, Richard Smith — Moderator, Rodney Johnson

 

Jake Hoffberg

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