Conventional wisdom may not be wise enough when times get too unconventional though :)
And who knows how much is too much?
There is always overwhelming unexpressed pressure before the dam breaks unexpectedly and you are worse off having stock than cash.
It's critical that there be no consensus about an impending downturn, otherwise there may not be enough leverage imposed on the unexpected element of surprise for those in position to be able to weather a storm which wrecks all boats.
Conventional wisdom may not be wise enough when times get too unconventional though :)
And who knows how much is too much?
There is always overwhelming unexpressed pressure before the dam breaks unexpectedly and you are worse off having stock than cash.
It's critical that there be no consensus about an impending downturn, otherwise there may not be enough leverage imposed on the unexpected element of surprise for those in position to be able to weather a storm which wrecks all boats.