Chasing Value
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 27 April 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
Jesse examines how the recent panic buying of food, home goods, and other staples highlights the intrinsic value of certain things that we take for granted. When demand for historically safe assets like bonds and gold falls, yet demand for household goods like flour and toilet paper soar, it shines some light on the practical value of things. In short, you can eat flour, but you can't eat a bar of gold!
In the future, Jesse encourages us to consider saving not only for future expenses and retirement, but also for some staples and basic goods for unexpected times.
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Transcript
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| 0:00.0 | Hello, Winebbers, my name is Jesse Meekham. This is podcast number 426 for |
| 0:09.2 | Wineb, where we teach you four rules to help you stop living paycheck to paycheck, get out of debt and save more money. |
| 0:16.0 | I may be talking to a minority now, I don't even know. |
| 0:20.0 | This is the riskiest of the podcast I've recorded here during paternity leave. |
| 0:24.0 | Risky in the sense that I'm now pushing 30 days. |
| 0:28.8 | 20, you'll be hearing this 25 days after I record it and it may very well be that you do not |
| 0:34.8 | hear this recording because I delete it and record something else depending on how things |
| 0:40.1 | roll. |
| 0:41.9 | But maybe this is evergreen enough that we could let it run. We'll see. |
| 0:47.0 | So yeah, am I talking to no one or am I talking to you? |
| 0:50.0 | That's kind of strange. |
| 0:52.0 | I want to talk today about chasing value. |
| 0:55.0 | We saw the biggest sell-off in the market since the crash of 87. |
| 1:01.0 | Crazy, crazy times. |
| 1:02.0 | We've seen unbelievable volatility. |
| 1:05.2 | At the time I say this, the market is down, |
| 1:08.7 | but still up when you look at it over a fairly, |
| 1:12.4 | you know, a longer view it over a fairly you know a longer view but a whole year |
| 1:15.3 | and a half of value was erased but the weirdest thing happened normally |
| 1:20.0 | when the stocks when stocks start to get scary for people they jump to bonds and when things |
| 1:25.5 | get really scary for people they actually have jumped they jump to gold so |
| 1:29.6 | the weirdest thing happened where everything was going down. |
... |
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