C.S. Lewis was a British writer best known for his novel “The Chronicles of Narnia”. He’s also famed for one of my favorite quotes “When the whole world is running towards the edge of a cliff, he who runs in the opposite direction seems to have lost his mind”.

As you know, I have been taking a very cautious approach on these markets since the end of 2021. We’ve made some money this year, but it’s really all been about protecting capital throughout all of 2022. As we head into, historically, the 2 toughest months for the stock market, my continued caution will remain our approach.

As others continue to preach staying invested and keeping a focus on the longer term – I’ll be running in the opposite direction should the market fall off the metaphorical cliff. Call me crazy.