In my experience as someone who warns about the development of dangerous economic bubbles (both the mid-2000s U.S. housing bubble and the post-2009 "Everything Bubble"), I have been criticized literally thousands of times as the stock market surges year after year and the economy continues to grow. The criticisms typically take the form of "you've been warning about bubbles for years – you're a broken clock!," "you're a permabear!," and "you've been missing out on tons of profits!" I've heard every criticism in the book and I'm completely unfazed by them because those criticisms are based on misunderstandings of my approach and because I know that my analyses are correct.

The number one mistake that my critics make is assuming that I am calling to sell the market and go short at the very same time that I warn about a bubble. This is completely untrue because my goal is to spot and warn about bubbles as early as possible as an activist for the purpose of warning society that it is going down the wrong path. As someone who graduated college straight into the 2008 financial crisis and struggled for a number of years after, I know from first-hand experience how destructive bubbles are to the economy and overall society. As a result, I feel that it is my moral duty to help spot and warn about bubbles in an effort to prevent another 2008-style crisis.

Though my goal is to warn about bubbles as early as possible as an activist, I do not approach trading and investing the same way. I am able to separate anti-economic bubble activism from tactical trading and investing. I am fully aware that shorting a bubble too early (such as when I make my warnings) would completely wipe out any trader who is foolish enough to do so. Furthermore, I have publicly stated for years that I believe in "trading with the trend and not against it," which is an approach that helps economic skeptics like myself avoid the bad outcomes experienced by typical "permabears" who are short all the time.