#46 - How to Play This Bull Market without getting Whiplash (June 2020)

In this episode we discuss strategies for taking advantage of the current bull market the Fed has created - The realization that the Fed will actively try to prevent the market from falling to prevent fear from dominating the market (as shown on Mon) - The market is likely to remain distorted which creates opportunities for investors - How do we play this bull market while being cautious about the disconnect between prices and fundamentals? - Debating investing in legacy business like Airlines and Theatres STRATEGY - PATIENCE! Keep your powder dry as it takes time for the market to re-adjust - Thinking of investing like private placements with the ability to hold for 1-3 years if prices tanks - Buying top tier companies like Green Thumb (GTI) with the understanding it may take a while to grow into the value - Deploying cash selectively in overlooked names with good risk/reward - How? Looking for small cap cannabis companies which have good fundamentals but have lagged in share price - Liberty Health (LHS) as an example - Comparing Canada to the US LOOKOUT - Don't chase high prices on low volume - Emotional investors are back! Watch out for them