Chapter
Reflections on 2011 Financial Crisis
20:32 - 24:55 (04:22)
In 2011, financial markets took a downturn and looked like the start of another great recession. However, many investors did not make a single transaction during that time, showing the importance of a long-term investment strategy.
Clips
The summer of 2011 was a time of great financial uncertainty and during this period of market volatility, 98% of Vanguard investors did not make a single transaction, whereas many others panicked and sold their stocks.
20:32 - 23:04 (02:31)
Investing
Summary
The summer of 2011 was a time of great financial uncertainty and during this period of market volatility, 98% of Vanguard investors did not make a single transaction, whereas many others panicked and sold their stocks.
ChapterReflections on 2011 Financial Crisis
Episode#151 - Morgan Housel - What Has Covid-19 Done To The Economy?
PodcastModern Wisdom
The speaker discusses the difference between enjoying being on the couch and being forced to stay home during a lockdown, drawing an analogy between camping for fun and being homeless.
23:04 - 24:55 (01:51)
Lockdown
Summary
The speaker discusses the difference between enjoying being on the couch and being forced to stay home during a lockdown, drawing an analogy between camping for fun and being homeless.