4.6 • 2.8K Ratings
🗓️ 26 August 2015
⏱️ 55 minutes
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0:00.0 | Hey guys, special episode here. |
0:02.2 | I know it's just kind of a crazy week. |
0:05.5 | And with so much noise out there in the media. |
0:08.2 | Remember, a lot of people out there in the financial press, |
0:11.6 | they get excited when things get wild out there. |
0:14.4 | And we get that unfortunate side effect |
0:17.4 | we have of investing in equity investments |
0:19.5 | as volatility. |
0:21.1 | I want to give you some peaceful words, calming words, |
0:26.5 | or words that even give you direction |
0:28.7 | so that you don't outsmart yourselves. |
0:31.4 | I also want to tell you one of the things |
0:32.8 | I think I talk about in the upcoming episode |
0:34.4 | that we're going to play right after these words. |
0:36.4 | Remember the pluck effect. |
0:38.2 | Guys, markets do not recover in a U-shape, |
0:42.2 | meaning that they don't go down and then drag |
0:44.0 | on the bottom for years and years and years. |
0:46.4 | You typically see a pretty dramatic recovery |
0:50.2 | just as fast as you saw the assets disappear on the downside. |
0:54.4 | So the part is, if we had a U-shape recovery, |
0:57.7 | it'd be nice if we could go ahead and sell out time |
... |
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