This big mistake is costing you a fortune (Ep. 737)
Wall Street Unplugged - What's Really Moving These Markets
Frank Curzio
4.5 • 1.1K Ratings
🗓️ 2 September 2020
⏱️ 67 minutes
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Summary
Transcript
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| 0:00.0 | Wall Street Unplugged looks beyond the regular headlines heard on mainstream |
| 0:06.1 | financial media to bring you unscripted interviews and breaking commentary direct from Wall Street |
| 0:11.8 | right to you on Main Street. |
| 0:16.0 | That's going out there, it's September 2nd. |
| 0:19.0 | I'm Frank Curzy, hosted the Wall Street Unplugged Podcast, why break down the headlines, and... |
| 0:24.0 | Tell you what's really moving these markets. |
| 0:35.0 | You know, everyone is conditioned a certain way. |
| 0:38.9 | I'm talking about all people, all of us. |
| 0:42.4 | We're all programmed to believe what we read, who we listen to, we follow. |
| 0:45.0 | And this conditioning happens at a very early age. |
| 0:50.0 | I remember my parents telling me things that if you crack your knuckles it's going to lead to |
| 0:58.0 | arthritis. Swallowing gum takes seven years to digest. You crush your eyes that get stuck that way. |
| 1:08.0 | We all have some of these things that we remember and sometimes we believe it it so much that we passed on to our own |
| 1:14.2 | kids before we find out that a lot of this is not true. But it's been told to us so many times |
| 1:22.0 | over and over and over again to the point where you just start believing it. |
| 1:27.2 | When you're conditioned a certain way, trained to think a certain way, it's incredibly difficult to change. It's just the way we're built. We don't like it. We like to believe what we want to believe. We don't like change. Those people don't like change, it's very difficult. |
| 1:45.8 | Doing something that you don't believe in, or listen to someone that you never liked. |
| 1:49.4 | It's not easy. |
| 1:54.5 | I mean in the investment world, people like this are called Perma Bears or Perma Bulls. |
| 1:56.5 | Simply means you're either super bearish or bullish no matter what the data tells you. |
| 2:03.0 | It doesn't matter. |
| 2:04.0 | It doesn't even matter if things change. |
... |
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