39: Harry Dent: Demographics, Bubbles, and The Sale of a Lifetime

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 1 February 2017

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Harry Dent is the reigning expert on demographic trends, consumer fundamentals, and bubbles. He is known for his unique research into how demographic and consumer cycles in spending impact our economies around the world. Throughout his long career as an economic forecaster, he has relied largely on demographics as the key indicator of things to come, accurately predicting the Japanese bust in ’89 and the global recession of ’08.

His must-read new book The Sale of a Lifetime looks deep into the issues facing the global economy today, why we should prepare and protect ourselves, and how to take advantage of buying assets at fire sale prices. Mr. Dent joins us to discuss his research, bubbles, and why you should be paying attention to demographics now more than ever.

Mr. Dent's Links:

Twitter - @HarryDentjr

Facebook - @EconomyMarkets

Youtube - Harry S. Dent Jr.

Mr. Dent’s Research:

Dent Research - Sign up for their free newsletter

Harry Dent - Get his new book “The SALE of a Lifetime”

Mr. Dent’s Books:

Discussed:

ILAB 36 – Dr. Daniel Crosby – 10 Commandments of Investing Success

Show Notes:

02:39 - Excerpt from A Sale of a Lifetime

06:00 - Accidental economist

11:28 - Japanese bust in 89’

16:40 - Next demographic boom

19:20 - Buying stock & real estate

23:27 - Cut tax and spend more

26:04 - Government bonds

30:40 - Deflation and inflation

35:17 - Economy driver and crashes

38:00 - House flipping in California

44:03 - China RMB

47:53 - Should you trust China?

55:36 - Sam's plan for an economy crash

1:00:06 - Johnny’s plan for making a sale of a lifetime

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Transcript

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0:00.0	Indeed presents.
0:01.9	Hires, you can't afford to get wrong. Like payroll manager. Hi, I was just checking my pay slip and it's all in Japanese yen. Yes, you're welcome. Sorry? Given the exchange rate between the pound and the yen, you're technically a millionaire now. Don't spend it all in one place. I can't really spend it anywhere. This is a job for sponsored jobs. This is what happens when you don't sponsor your job on Indeed. So the next time you need someone to get the job done right, get matched with quality candidates with an Indeed sponsored job. Visit Indeed.com slash NextHire and sponsor your job today. Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash. Hey guys. And welcome to episode 39 of the Invest Like a Boss podcast. I'm Johnny FD. and I'm here at San Marks. Hey, Johnny. Hey, guys. Welcome from Sunny, San Diego.
0:56.1	That is very cool that you are now. I'm Johnny FD and I'm here at San Marks. Hey Johnny. Hey guys. Welcome from Sunny San Diego.
0:56.1	That is very cool that you are now in California. We're bouncing around just recording these
1:01.4	podcasts all over the world. Have you guys been listening to last 39 episodes? Today, I'm actually
1:06.0	really excited that we're going to have on our first economists. Yeah, Mr. Harry Dent, one of my favorite economist and
1:12.9	favorite authors. So, man, I'm stoked. I have a lot of respect for Mr. Dent, his work over the last
1:18.8	three decades plus. And really greatly appreciative that he's going to be joining us on this
1:23.7	week's episode. Yeah, definitely. So Harry is a Harvard MBA grad and he's been featured pretty much all over the media. And, you know, big places like Good Morning America, CNN, CNBC, Fortune, Business Week, the Wall Street Journal. And now that's like a boss. There we go, right? A good one to add to the list. And he's the author. We've talked about
1:44.8	his books before, but he's the author of Demographic Cliff, one of my favorite books, and also the new
1:49.4	book, The Sale of a Lifetime. And he's also the editor of the free newsletter, economy, and the
1:54.7	markets. And, you know, he's really kind of the reigning expert on demographic trends and how
1:59.7	they impact our economy. So this is
2:02.4	really cool stuff. And I know he's found that study in predictable things that people do,
2:07.4	like in consumer behaviors, is really the ultimate tool to understanding trends.
2:12.3	Yeah. So in, I think it was like 1992 in his in his book, The Great Boom Ahead.
2:24.3	He was predicting, and I don't know if anyone actually remembers that decade, but it was kind of a big recession during that time.
2:26.6	But he wrote a book called The Great Boom Ahead, and he was saying, according to demographics,
2:31.0	we are going to have a big boom for the next 10, 20 years.
2:35.3	And everybody said that there's no way that's going to happen. We're in the midst of recession, and it happened.
2:39.6	So now he's going to be calling for something else from, you know, kind of what I've heard. So I'm
2:44.1	really excited actually to see what he's going to predict now for our future and what Invest Like a
	...

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