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We're at the point where this generation does not remember the lessons of the past,

and unfortunately there's going to be a lot of pain to bring about those lessons for the next generation as well before this is over.

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Hello, everybody, and welcome to this episode of Finance You.

I'm your host, Chris Martinson. I'm back here with Paul Kiker of Kiker Wealth Management. And Paul, I see you have the history of bubbles back over your head. Uh-oh. We're going to have to talk about that. Absolutely. I'll move to the side so the listeners can see it, but I had to keep that up this week. I just had to.

I've got to give me a couple more, but.

Yeah, now why is that?

What's going on this week that's got you putting that back up?

Well, just the absurdity of all, you know, just retail euphoria, market, you know, just the massive amount of retail leverage that's being taking on right now.

The market doesn't seem to care about anything.

Government shutdown, you name it, doesn't matter.

So it's just indicative of all the historical bubbles that I've studied in the past.

And, you know, the hard part is right now, it's like, what am I missing?

Okay?

Because everything from all of those bubbles in the past, investor psychology,

Wall Street Euphoria, the belief, whether it's stated or not, that it's different this time.

Because, you know, sometimes we learn from the past, and you might think it, and you behave like it's different this time, but you'll never say it out loud because you don't want to be the person that gets recorded in the history books like those individuals in 1929, but all of the behavior fits that part of the cycle. And they're hard to navigate. They're stressful. They're stressful for those who are seeking wisdom. And all I can think of this week is with much wisdom comes much sorrow.

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