Not my sort of thing, but since the topic came up. If one is interested this story is all about preparing now, in good times, for the next recession.
Maybe this time it will come. Maybe not. That is the problem, you never know, and even if you know, by the time you know, it may be too late.
Take the 2009 recession. There were warnings. Multiple people screaming on line about the housing market. I know in the real world I had clients trying to recruit me out of my own business to become their attorneys to close real estate financing deals.
I had too many, to make sense, mortgage broker clients, with what appeared to be little background, making 6 figures selling mortgages. I wanted $500k to buy a house, the mortgage broker tried to get me to take $1.5 million. I politely said no. But I guess many others did not. So the signs were all there.
Regardless, by the time most people knew, the stock market had already crashed, and most people had sold in a panic near the bottom. As is usually the case.
My defense is to buy only quality companies at non-bubble pricing that I can confidently hold through thick or thin. One reason why I only hold so many stocks at a time. Then add monthly, or hold cash and add a lot when I think it is a good time. But others may want to take more drastic measures.
The above is an article for those people. I cannot say that preparing for the next recession now will be a good or back thing. No one can. I can just say that I want to hold the best growth companies at non-bubble prices until it comes time to find the next wave of such companies. And they always exist, always disruptions in business models, technology, etc.
When we start looking at biotechs too closely that is usually a good warning sign. But this board did very well with KITE, thus it makes sense they wanted more and looked into NKTR. I held it for 2 days and sold out for a small loss.
When I start looking at biotechs seriously then I know there is not much worthy of investing in within my universe.
As of now, except for my interest also quickly being drawn in to NKTR, partially influenced by KITE, I am still disinterested in biotechs. A little to obsessed with Talend, but we all have our own stock fetishes.