Sowe takeng that one step further. Because, meanow part of what we've talked about, including david gardner yesterday, his work with the full foundation, and n really trying to encourage younger people to invest all that sort of thing. It almost seems like we need to prepare people for the inevitable downfall, or just bare mark et that kind of thing. And since it might't only happen, we what were the big bear markets of the last generation? It was two thousand two thousand eight and maybe march of 20 20. But that lasted a mnth before het was basedover ther's rally. Only been two real cycles in the last 25 years, or even
“No one's success is proven until they've survived a calamity.”
You can’t join the NBA with a few good shots, but you can join the ranks of “great” investors. Luck and skill are much harder to separate in the financial world and making that distinction can take a few decades. Chris Hill talked with best-selling author Morgan Housel in front of a live audience about: - Why inflation is so personal and variable - Elon Musk’s best product (hint: it’s not a car) - The power of incentives - The secret to 99% of Warren Buffet’s success - Investing through bear markets
Companies mentioned: BRK.A, BRK.B, HOOD, TSLA
If you're a member of any Motley Fool service you can access the video for the full interview here: https://www.fool.com/premium/coverage/4056/coverage/2022/08/31/wealth-greed-and-happiness-with-best-selling-autho Host: Chris Hill Guest: Morgan Housel Producer: Ricky Mulvey Engineer: Dan Boyd
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