Episode
#58 - How To Navigate The Upcoming Depression
50:07
Published: Tue Mar 24 2020
Description
Shaan (@shaanvp) is joined by producer Ishan (@ishanhaq) to talk Corona virus and where they think it's at, where it's headed and what you can do to prepare for the worst. We also announced we started a new podcast! 9 Minute Morning Routine should be your daily listen on the way to work in the morning. Feel relaxed, calm and focused on how you're going to kick ass today. Subscribe here: https://podcasts.apple.com/us/podcast/9-minute-morning-routine/id1504340799 See acast.com/privacy for privacy and opt-out information.
Chapters
David and his producer, Eshon, discuss streamlining work processes, as well as the impact of COVID-19 on their work and the world at large.
00:00 - 01:55 (01:55)
Summary
David and his producer, Eshon, discuss streamlining work processes, as well as the impact of COVID-19 on their work and the world at large. They also go through David’s weekly email.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
Inaction towards COVID-19 is a lose-lose situation because if it's handled well, it appears as though the precautions were unnecessary.
01:55 - 05:38 (03:43)
Summary
Inaction towards COVID-19 is a lose-lose situation because if it's handled well, it appears as though the precautions were unnecessary. However, with rising cases and deaths due to COVID-19, it is important to take action and precautions to prevent worse outcomes.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
The COVID-19 pandemic has caused a labor crisis as businesses including hotels, sports, casinos, theaters and gyms are shutting down and facing a decrease in revenue.
05:38 - 11:06 (05:27)
Summary
The COVID-19 pandemic has caused a labor crisis as businesses including hotels, sports, casinos, theaters and gyms are shutting down and facing a decrease in revenue. The economy is in a state of shock due to supply, demand, and labor issues caused by the pandemic.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
According to data from Japan and Singapore, places where wearing masks is prevalent, the curve of COVID-19 cases is flattening better than in other countries where mask-wearing is not widespread.
11:06 - 16:20 (05:14)
Summary
According to data from Japan and Singapore, places where wearing masks is prevalent, the curve of COVID-19 cases is flattening better than in other countries where mask-wearing is not widespread. Although there are some people who think there's no point in wearing masks, they should be worn by people who show symptoms, to prioritize those who are more likely to be infected.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
The coronavirus has highlighted the underlying debt problem in the economy and puts companies that spent most of their profits on share buybacks at risk for bailouts.
16:20 - 22:20 (06:00)
Summary
The coronavirus has highlighted the underlying debt problem in the economy and puts companies that spent most of their profits on share buybacks at risk for bailouts.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
The market is likely to go through periods of plunging and rallying in the coming months, but it's important to focus on the long-term fundamentals instead of trying to predict day-to-day changes.
22:20 - 27:55 (05:34)
Summary
The market is likely to go through periods of plunging and rallying in the coming months, but it's important to focus on the long-term fundamentals instead of trying to predict day-to-day changes. During a recession or depression, it could actually be the best time to start a business, as long as you're mindful of the current economic climate and adjust your strategy accordingly.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
Chamath Palihapitiya believes that startups need to know when to play a different game and bunker down to survive and weather the storm.
27:55 - 31:51 (03:55)
Summary
Chamath Palihapitiya believes that startups need to know when to play a different game and bunker down to survive and weather the storm.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
With the current economic uncertainty and market crash, starting a business may be tough, but history has shown that great businesses have started during recessions.
31:51 - 35:51 (04:00)
Summary
With the current economic uncertainty and market crash, starting a business may be tough, but history has shown that great businesses have started during recessions. Additionally, with fewer startups, there may be less competition.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
The leverage for raising money in the startup scene swings towards investors during market downturns, leaving founders with less leverage.
35:51 - 40:18 (04:27)
Summary
The leverage for raising money in the startup scene swings towards investors during market downturns, leaving founders with less leverage. It may be wise for aspiring entrepreneurs to wait for consolidation and take advantage of available resources.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
With the COVID-19 pandemic forcing people into isolation, individuals are taking the time to reflect on the importance of essential workers, such as healthcare professionals, delivery people, and grocery store workers, and are showing their appreciation in unique ways such as applauding from balconies in different countries.
40:18 - 44:10 (03:51)
Summary
With the COVID-19 pandemic forcing people into isolation, individuals are taking the time to reflect on the importance of essential workers, such as healthcare professionals, delivery people, and grocery store workers, and are showing their appreciation in unique ways such as applauding from balconies in different countries.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
The speaker discusses the struggle of coping with paranoia during these unsettling times and wanting to establish a morning routine while balancing a realistic perspective.
44:10 - 47:37 (03:27)
Summary
The speaker discusses the struggle of coping with paranoia during these unsettling times and wanting to establish a morning routine while balancing a realistic perspective.
Episode#58 - How To Navigate The Upcoming Depression
PodcastMy First Million
The speaker announces that he will be recording a podcast specifically outlining his recommended nine minute morning routine, which he believes may be helpful for listeners.
47:37 - 50:17 (02:39)
Summary
The speaker announces that he will be recording a podcast specifically outlining his recommended nine minute morning routine, which he believes may be helpful for listeners. He likens his passion for this routine to that of religious devotion.