Tom Gardner and Morgan Housel on Inflation, Tesla, and Starbucks

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 8 January 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Everything feels unprecedented if you don’t study history, and 2022 wasn’t unique for the stock market. Morgan Housel is the best-selling author of “The Psychology of Money”. He joined Motley Fool co-founder and CEO Tom Gardner for a conversation about: - Why cash is a better hedge against inflation than many believe - Parallels between the 2022 stock market and the dot-com bust of the early 2000s - What Tesla investors can learn from Starbucks’ past decline Companies discussed: BRK.A, BRK.B, TSLA, SBUX Host: Tom Gardner Guest: Morgan Housel Producer: Ricky Mulvey Engineers: Tim Sparks, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Everyone thinks when there's high inflation, you don't want to own cash.
0:04.3	Your cash in their savings account, your checking account is losing value to inflation.
0:07.4	You want to get rid of that.
0:08.5	You want to realize that's real, you know, gold, and whatnot.
0:11.5	But whenever inflation pops up and it's unexpected, everything gets demolished.
0:15.6	Crypto gets demolished.
0:16.8	Bonds get demolished.
0:17.8	Stocks get demolished.
0:18.8	Gold gets demolished.
0:19.8	Every single time.
0:20.8	So it happened in 2022.
0:21.8	It happened in the 1980s.
0:22.8	It happened in the 1970s.
0:24.5	Short-term, everything gets wiped out.
0:26.5	The smallest decline, so to speak, come from cash.
0:34.0	I'm Chris Hill, and that's bestselling author Morgan Housel.
0:37.8	He joined Motleyful Co-founder and CEO Tom Gardner a few days ago at our member event,
0:43.5	and we're bringing you part of that conversation.
0:46.0	Tom and Morgan discuss how investors can hedge against inflation for the short term and
0:51.2	the long term, and some unexpected parallels between Tesla and Starbucks.
0:57.5	It's been such a painful time for growth investors, but the long term prospects still
1:06.3	remain very bright, in my opinion, for so many of these companies, certainly not all of
	...

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