Although asset prices have declined over the past couple years, we still may see further reductions, especially with the possibility of another recession. If oil prices spike, or we have another major stock market correction, a recession will likely follow. As it stands, global instability, and the Middle East in particular, can cause a spike in oil prices that impacts the market. Domestically, we’ve had the longest inverted yield curve in our history, which may be a likely precursor to the next recession. For these reasons, patience may pay off in determining when to make your next investments in alternative assets. Jeremy Roll, a successful 20+ year full-time passive investor, anticipates further concessions in asset prices with higher cash flow and better returns, and is therefore currently on the sidelines.