The One Perspective To Never Forget

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4.7 • 1.7K Ratings

🗓️ 30 December 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Hill wraps up MarketFoolery with a story about one race, two photos taken at the finish line, and how it applies to stock investing.

Transcript

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0:00.0	It's Thursday, December 30th. Welcome to Marketfoolery. I'm Chris Hill. Happy New Year's Eve, Eve.
0:10.8	I have a story about perspective to wrap up the year. Hope the holidays have been going well for you.
0:18.0	Maybe there were travel plans that got canceled as part of your holidays. Right now New Year's Eve
0:24.5	celebrations are getting minimized or canceled. Yeah, I gotta say it's not great. It's not fun.
0:32.2	But then that way it's kind of like investing, you know, sometimes stocks go down.
0:36.6	We saw that this year, right? Even with the S&P 500 hitting new highs more than
0:42.4	60 times, I think. I thought I saw on Twitter the other day one in four days this year.
0:46.7	It hit a new high, NASDAQ up 25% for the year, Dow up 20%. In general, great. That doesn't mean every stock did great.
1:01.9	So I want to share some insight that I got recently, a light switch that got turned on for me.
1:09.5	Actually, if I think about it, the light was on, but it's one of those lights on a dimmer switch.
1:16.4	And something happened to make that light brighter for me. And here's what it was.
1:23.4	Mid-November, I ran a half marathon in Richmond, Virginia. They have this running festival every year.
1:30.5	There's a marathon, a half marathon, and an eight kilometer race. So I went down. It was great.
1:37.2	People at the Motley Fool have run this before. They've said really great things about it.
1:42.5	Normally, I don't travel very far for races. Richmond is not that far. It's a hundred miles.
1:48.8	It means two nights in a hotel. My running history for longer races is such that
1:59.5	yeah, the closer to home I am, the better. So I did have just a minute's pause. If you're a long time
2:05.6	listener, if you've heard any of my stories about marathon running, you know what I'm talking about.
2:10.8	But I went down. It was great. The Richmond marathon lives up to its billing. It's well-organized.
2:16.1	The volunteers were great. People coming out to cheer along the course. The whole festival was great.
2:23.5	So quick side note about the business of marathons.
2:27.6	One of the ripple effects is the photography businesses for events like this.
	...

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