Hello, fellow Rebel capitalists hope you're well.

So I did a whiteboard video today,

and I wanted to share with you some of the conclusions I came to.

And my base case, the next couple years years is we have moved into what I am calling a

volatility super cycle. Now this cuts both ways. This means volatility on the upside, but it also means volatility on the downside.

It's like the yin yang and yang. The greater the crisis, the greater the opportunity,

but if we're going to take advantage of that opportunity, we need to be prepared.

And we need to understand, we need to zoom out and understand what the environment is going to look like so we don't get run over by a Mack truck.

And the main thing, we talk about diamond hands all the time.

But in this environment, I think what's most important is to have an iron stomach, not necessarily

diamond hands. But we're going to get that in just a moment.

So why mechanically do I believe that we have gone into a volatility

super cycle?

And what does that mean for assets?

What does that mean for your portfolio? And what can you do about it? That's what this is all

about. So first and foremost I want to, oh shoot you know I was going to bring up a few different charts and unfortunately

I've got them on my other computer but we'll start right here so this is housing

inventory according to Fred Chart.

Now I've mentioned this a few times,

but what I discussed in step number one

of today's whiteboard video

is something I call the low float effect.

...