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: Show Notes Transcript of Chair Powell’s FOMC Press Conference July 31, 2024—The Federal Reserve Goolsbee Says Fed Won’t Overreact to One Month’s Data by Catarina Saraiva and Ananya Chag—Bloomberg Congressional Budget Office Updates Baseline: Deficit Spending is 27 Percent Higher … [Read more...]
302: Investing is Not Knowing
How successful investing requires judgment and humility, not accurate forecasting ability. Topics covered include: Show Notes Knowledge of the Future by Howard Marks—Oaktee Capital Epistemic Humility—Knowing Your Limits in a Pandemic - Erik Angner Zhuangzi: The Essential Writings: With Selections from Traditional Commentaries translated by Brook Ziporyn A Calendar of Wisdom: Daily Thoughts to Nourish the Soul, Written and Selected from the World's Sacred Texts by Leo … [Read more...]
15: Stop Worrying About the Next Market Crash
Discover the four things you can do to stop worrying about financial calamities. 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 the Unthinkable: Why the New … [Read more...]
