Smart friends suggest starting to stock up on prescription drugs due to disruptions in the global supply chain, particularly from China.
Narratives that are comfortable and conventional for analysts to form don't necessarily drive stock prices over time. Therefore, there is a lack of correlation between analyst estimates based on these narratives and stock performance.
Tony Robbins shares his insights on stock market investing advising that market performance isn't to be blamed for losses, but instead personal decisions, saying that he coached his platinum partners through the 2008 financial crisis to save their investments.
The speaker shares his personal experience with a market crash and emphasizes the importance of diversifying one's investments to mitigate risk and avoid potentially catastrophic losses. He suggests the quote, "concentrate to get rich, but diversify to stay rich," as a guiding principle.
In the last eight years, individuals who have stayed invested in volatile markets have made a 250% return. Despite the uncertainty and fear, every bear market in the history of the United States has led to a bull market in the following year.