What financial planners are getting wrong about inflation, credit contraction, overvalued equities, and the next 10 years.

The article discusses the potential challenges and uncertainties that investors may face in the coming years, such as inflation, credit contraction, and overvalued equities. It cautions against relying on linear extrapolation and emphasizes the need for a financial plan that does not depend on accurately predicting the future. The article also suggests a change in investment strategy, focusing on assets with fundamental value and real profit, such as owning a business or investing in tangible assets like real estate. It emphasizes the importance of building relationships and accessing off-market deals, and encourages investors to be contrarian and adapt to the changing market cycle. [Extracted from the article]