Phil

Last week I interviewed Catherine Cashmore — Land Cycle Investor, former President of Prosper Australia, and one of the sharpest minds on real estate cycles. We went deep into the 18-year property cycle. This isn’t opinion. This comes from centuries of data. Patterns that repeat over and over again across hundreds of years. And one part really stood out to me — the psychology at the peak: “Late in the cycle, people stop questioning prices. They assume they will keep rising. You see fear of missing out. Buyers stretch further. Risk starts to feel safe.That is when the system becomes fragile.” One of the more counterintuitive dynamics is the way interest rates behave late in the cycle. Rates often rise into the peak. But instead of immediately cooling the market, they can initially accelerate activity. People rush in before borrowing becomes more expensive. Only once that pressure builds does the system begin to crack.” This is where most people get caught. Not because they lack information but because behaviour overrides it. If you understand the cycle, you start to see it happening in real time. Link in comments

Reuben Ginbey is the worst player I have ever seen with ball in hand and he’s somehow getting worse