War vs. Markets

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 22 April 2026

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

War headlines dominate attention, but history shows they rarely have lasting impacts on stock markets. Don and Tom break down why geopolitical events—despite their emotional weight—typically cause only short-term volatility, while long-term returns are driven by economic growth and corporate earnings. They reinforce the importance of global diversification, push back hard against market-timing myths (with a great 1929 example), and remind investors that reacting to headlines is a losing game....

Transcript

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0:00.0	Your guides to a really great financial future.
0:09.0	Tom and Don are talking real money.
0:12.7	The only problem with not doing these live, well, one, there are lots of problems, actually, with not doing our podcast live.
0:21.3	One is that scares me a little, but two is that this will air in a couple of weeks.
0:27.0	And based on today's topic, we could either, it could either be totally in the rearview mirror or we may not have any reason to post this podcast at all.
0:39.3	Hi, I'm Don McDonald, along with Mr. Thomas Charles Cock.
0:44.7	We are here to guide you through the massively manipulative and much maligned markets that allow you to put some money away for a while.
0:58.3	And we're going to talk about the markets today and how markets react to things like wars,
1:04.0	coincidentally.
1:05.0	I wonder why we're talking about that.
1:07.8	Huh.
1:09.3	Could it be?
1:16.1	We're in one? Again, two weeks from now, we don't know. Could be over? I don't know.
1:21.0	I heard a rumor. There was a ceasefire and then I heard we were going to blow the whole thing up. I don't know which is which or who is what or where is what for. And I'm so confused. I can't stand it.
1:26.8	So, Tom, please enlighten. Well, it just, I can make it
1:29.9	more confusing because as we speak, of course, we're coming up the worst quarter for stocks in
1:36.2	four years. That's a long time. I mean, four whole years, the worst court. I'm kidding. That's
1:43.2	a silly notation. Oh, that was a joke. Okay, got it. Very silly. It was not
1:46.9	nearly as good as your dad jokes, which are pending. But I mean, we could be in the situation
1:53.1	where U.S. troops end up on the ground, right, and end up in some sort of quagmire. Oil could go
1:57.9	to $200 a barrel, right? Tech can still have problems as of this.
2:03.5	They've been laying people off.
	...

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