Acquire everything! It’s a bull market! Equities are cheap! The buy-the-dip-reflex will prevail! Central banks will slash rates and lift their inflation targets! Residential and commercial investment properties paying net yields that are half the return on risk-free cash are still a bargain! Cryptocurrencies with zero intrinsic value and no government guarantees will go to the moon!

One hears these arguments from those loaded to the gills with stocks, property, tech, crypto, venture capital and risky debt. To believe this BS, you have to close your eyes and pretend to occupy a parallel universe.