The speaker discusses the cyclic nature of the stock market and advises against trying to predict short-term changes. He then examines the potential benefits and drawbacks of starting a business during an economic downturn.
It's difficult to predict what the future holds for the economy, but investing systematically and consistently can help make the most of market fluctuations and prepare for inevitable rebounds.
Bill Ackman recently invested in Netflix, emphasizing that just because the market price is down, doesn't mean a business isn't valuable and going to succeed in the long run.
The COVID-19 shutdown has affected 100 families' jobs for every case of the virus and is expected to further impact the real estate industry. The recovery depends on how soon people can get back to work.
According to the speaker, the demand for certain goods has not decreased, despite recent articles and opinions stating otherwise. There is a contrast in feelings versus data which may change the behavior of consumers.
The possibility of an economic recession is looming due to factors such as interest rate increases, inflation, supply chain disruptions, and trade wars causing spikes in commodity prices. Companies with flawed business models or overvalued stocks will likely face a valuation reset during such a downturn.