Why We Love A Good Story
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 12 April 2016
⏱️ 17 minutes
🧾️ Download transcript
Summary
Morgan Housel shares why investors love a good story, why good bets are still good after they go south, and his 1st memory of MarketFoolery.
Transcript
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| 0:00.0 | It's Tuesday April 12th. Welcome to Market Fullry. I'm Chris Hill joining me in studio today, |
| 0:06.2 | the one and only Morgan Howell. Happy Tuesday. |
| 0:08.8 | Same to you. |
| 0:09.8 | It's almost Wednesday which rounds to the weekend. Wow. This is just how I think these days. |
| 0:15.2 | Is this your mentality these days? |
| 0:16.6 | Roughly my mentality. |
| 0:17.8 | Because you've got a child who's under the age of one and your entire life revolves around the central question, |
| 0:26.0 | when can I nap? |
| 0:27.0 | Yeah, roughly. |
| 0:28.0 | Yes. |
| 0:30.0 | So no wonder you're already thinking about the weekend. |
| 0:33.0 | There are a couple of things I want to get to, including one of the things you've been writing about recently, |
| 0:39.0 | but one of the stories we have talked about on this podcast and also on the radio so that's played out over the last couple of months is the |
| 0:48.8 | the drama and the carnage that has happened at Valiant Pharmaceuticals. |
| 0:53.6 | And for those unfamiliar, go back in time just six months, seven months, |
| 1:00.7 | and Valiant Pharmaceuticals based in Canada. |
| 1:04.6 | I believe Jim Gillies said one time when he was here recently that it was the curse of becoming |
| 1:10.6 | the largest public company in Canada that if you look at the track record of companies that become |
| 1:16.0 | Blackberry yeah yeah I think Carmen might have been on that list I'm not sure but |
| 1:20.9 | Blackberry definitely was but anyway go back six seven months |
| 1:25.1 | Valley Pharmaceuticals was trading roughly eight to nine times higher than it is |
| 1:29.7 | right now and then a series of missteps and investigations into their accounting have led them to, |
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