I’m hedging, mostly with Berkshire Hathaway stock, some agriculture, and a few others that historically perform well in recessions.

I would not touch S&P 500 with a ten foot pole. It’s all wrapped up in Big Tech.

I don’t like shorts; you can’t predict when the drop will hit, so you’re just burning cash betting against growth until then.

I don’t like commodities either. As Buffet said, a big block of gold doesn’t do anything; a factory or farm does.