Never Root for a Recession

Never Root for a Recession

With the S&P 500 now 8.6% off its recent highs, I've seen quite a few people argue that a market crash can be a good thing, especially for younger investors. As Chamath recently tweeted: The upside of shrinking these asset prices is that it gives [young and working class people] a legitimate chance to buy into those markets at lower levels, making equity ownership and/or home ownership more possible. All else equal, this is correct. If we assume…