TIP 068 : Current Market Conditions and Michael Lewis' Boomerang
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 12 January 2016
⏱️ 58 minutes
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| 0:00.0 | We study billionaires and this is episode 68 of the Investors Podcast. |
| 0:06.0 | Broadcasting from Bel Air, Maryland. This is the Investors Podcast. |
| 0:14.0 | They'll read the books and summarize the lessons. Don't test the waters. Tell you what it's called. |
| 0:19.0 | They'll give you actionable investing strategies. |
| 0:23.0 | Your host Preston Pish and Stake Broderson. |
| 0:29.0 | Hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast. |
| 0:34.0 | And as usual, I'm a company by my co-host Stake Broderson, Alton Denmark. |
| 0:38.0 | And I'll tell you folks what an exciting week we're experiencing. |
| 0:42.0 | Right now, it is 8 January 2016. The new year has arrived. |
| 0:48.0 | And let me tell you, it's been an interesting start to the financial markets with the way things are leading off here. |
| 0:54.0 | I saw a stat that said, this is the worst opening for the first week that the stock market has ever had. |
| 1:02.0 | Worst than anything that they saw on the Great Depression. |
| 1:05.0 | And it showed I had this chart. In fact, maybe we'll add it to our show notes so people can see. |
| 1:10.0 | But there was a chart that laid out the first week opening of every new year over like the last hundred years. |
| 1:16.0 | And this is the worst opening that we've ever seen. |
| 1:19.0 | So we're going to talk about that at the start of the show. We're going to talk about these current market conditions, all the stuff that we've really been talking about for the last year and been warning people since about February of 2015. |
| 1:29.0 | We're going to be talking about all that stuff this morning. |
| 1:31.0 | In addition to that, we had read a book. And the name of the book was boomerang and it's also another Michael Lewis book. |
| 1:38.0 | We didn't really care for this book, but we're going to do a little bit of a book review. |
| 1:41.0 | We also have the executive summary that we're going to send out to everybody for our subscribers on the show. |
| 1:46.0 | And we'll talk about that later in the show. And we probably won't hit on it too much because there really wasn't too much that we really wanted to talk about. |
| 1:53.0 | But anyway, we're going to go ahead and start off the conversation with the current market conditions. |
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