4.7 • 4.6K Ratings
🗓️ 16 March 2020
⏱️ 63 minutes
🧾️ Download transcript
Morgan Housel is a writer and investor.
Markets are down 25% and the biggest single day market move in recent history was due to the Coronavirus Outbreak. What does this mean for the global economy?
Expect to learn Morgan's advice for trading and holding assets during this time, why the markets have reacted in this way, what the signals would be that things are improving, how you can financially prepare for the coming months and much more.
Extra Stuff:
Follow Morgan on Twitter - https://twitter.com/morganhousel
Buy Morgan's Book - https://amzn.to/2xAHWXD
My first episode with Morgan - https://youtu.be/91TgP1D0Kps
Take a break from alcohol and upgrade your life - https://6monthssober.com/podcast
Check out everything I recommend from books to products - https://www.amazon.co.uk/shop/modernwisdom
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Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me...
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Click on a timestamp to play from that location
0:00.0 | Hello friends, welcome back. |
0:02.8 | My guest today is Morgan Housel and that should be a name that you're familiar with as |
0:07.8 | I published an episode with him only a couple of weeks ago, one of our top ever played |
0:12.4 | in modern wisdom history, so why is he back on? |
0:15.4 | I brought him back because the current state of the financial markets and the global economy |
0:21.0 | is really confusing. |
0:22.8 | I have no idea why the market is 25% down and whether it's as bad as the Great Depression |
0:28.5 | from 1928 or the financial crash of 2008 or whatever it is. |
0:34.0 | I needed someone who knows what he's talking about and Morgan is the man who has taken |
0:39.0 | that task on his shoulders. |
0:40.2 | So today, expect to learn just what is going on with the financial markets, why prices |
0:44.9 | have dropped, just how this does compare to previous financial crashes, what some of the |
0:50.2 | signals would be that the market is at least starting to calm down in terms of volatility. |
0:56.8 | So at the very end of this episode, I give my best advice for how to be anti-fragile |
1:02.9 | during this situation, if you are under containment, if you are potentially in lockdown or |
1:07.6 | there's some social distancing procedures that you have to follow where you can't leave |
1:11.0 | the house as much. |
1:12.6 | Stay until the end to find out mine and Morgan's best suggestions on how to not only avoid |
1:18.2 | boredom but perhaps even flourish and develop yourself and your family slash home during |
1:25.2 | the process. |
1:26.5 | In other news, I know that this is the second in seven days of podcasts regarding the |
1:31.9 | coronavirus. |
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