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He's Sold 30 Companies | Derik Fay

Wealthy Way

00:00

Is There a Conglomerate?

I sold about 85% of my holdings in 3F management about a year, a year ago. Why? Not because I knew this was coming or that was coming. What I did know, money was cheap. And so that was the time to sell. When everyone's acting like they're rich, eventually, whether it's one year or three years, everyone's going to be feeling like they're poor. So when that happens, I've got a stockpile of cash to buy assets at the bottom. It's all cyclical, right? It's just a circle round and round. Right.

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