The best mob movie of all time in my opinion is Goodfellas.
The movie isn’t for everyone (a lot of swearing and gruesome killing; rated R/18A). But Robert DeNiro, Joe Pesci, and Ray Liotta are great in the movie.
Here is the Goodfellas business mindset scene that sums up the movie…
Business bad? F*** you, pay me.
Oh, you had a fire? F*** you, pay me.
The place got hit by lighting? F*** you, pay me.
I believe there’s a substantial chance that this is a long, drawn-out recession. And in between superstar opportunities, I want to get paid to wait.
Mr. Market, Pay Me to Prepare & Profit
In the United States, there have been 2 quarters in a row of negative GDP growth.
Commodity prices have softened, which can temporarily ease cost inflation.
However, interest rate shocks take longer to work through the economy. It seems highly likely that we will see minimal economic growth over the coming quarters.
A recession can be crippling to the unprepared investor.
If you have no cash to deploy near the bottom of the market, it will be very difficult to ride the future waves higher.