We examine three factors that contributed to this week's big stock market declines, analyze whether a recession is imminent, and examine David's recent portfolio changes. Topics covered include: The benefits of looking at market and economic trends monthly How bad was the recent U.S. employment report and what is the Sahm Rule What are leading economic indicators saying about recession risk Why the Federal Reserve will be lowering its policy rate, leading to lower cash … [Read more...]
302: Investing is Not Knowing
How successful investing requires judgment and humility, not accurate forecasting ability. Topics covered include: Why pretending to know when you don't is harmful.Why true experts admit their limitations.Why David recently increased his allocation to stocks in his portfolio.How the number of new retail brokerage accounts has exploded.How buying the stock of the bankrupt company Hertz is a great example of how not to invest.What is privilege and what should we do about it. Show … [Read more...]
15: Stop Worrying About the Next Market Crash
Discover the four things you can do to stop worrying about financial calamities. Photo by PS Parrot In this podcast, you'll learn: How financial markets are like sand piles and thunderstorms.What are complex adaptive systems.The four things we can do in the face of unpredictabile financial markets.Why simple rules are better when confronting complexity. Show Notes The book I mentioned that highlights Per Bak's research on sand piles and avalanches is The Age of … [Read more...]
