Chapter
Negative Outlook and Its Influence in Financial Markets
18:58 - 25:05 (06:07)
The pessimistic perspective in a bear market and the optimistic outlook in a bull market.Most popular references lean toward being pessimistic when things take a downturn.
Clips
Despite being around for hundreds of years and having some of the smartest minds, America still lacks a clear understanding of the cause or solution to many of its problems, which has historically led to making up causes for fluctuations like in the stock market.
18:58 - 20:18 (01:19)
Summary
Despite being around for hundreds of years and having some of the smartest minds, America still lacks a clear understanding of the cause or solution to many of its problems, which has historically led to making up causes for fluctuations like in the stock market.
ChapterNegative Outlook and Its Influence in Financial Markets
EpisodeShaan Loses $700k In Crypto Crash And The Mentality of A Downturn
PodcastMy First Million
The practice of predicting economic crashes and other doom and gloom scenarios can be flawed due to backwards application of narratives, according to a podcast discussion.
20:18 - 23:12 (02:53)
Summary
The practice of predicting economic crashes and other doom and gloom scenarios can be flawed due to backwards application of narratives, according to a podcast discussion. This can result in false predictions and excessive pessimism, even among segments of the media.
ChapterNegative Outlook and Its Influence in Financial Markets
EpisodeShaan Loses $700k In Crypto Crash And The Mentality of A Downturn
PodcastMy First Million
The ability to shift gears between optimism and pessimism is a highly underrated trait that is crucial to success.
23:12 - 25:05 (01:53)
Summary
The ability to shift gears between optimism and pessimism is a highly underrated trait that is crucial to success. In a bear market, it is best to be a pessimist and in a bull market, it pays to be an optimist, but knowing when to switch between the two is key.