I think th there's never been a better time to be an individual investor than right now. The field has just been levelled in the past ten to 15 years, unlike anything we've ever seen before. With the advent of social media and the ease of investing, someone is always going to be getting richer than you in something. So i think if you have some pilters in place, it makes it easier to t not pull your hair out and go crazy every time you see some one else striking it rich on something.
#333: In the 1890s and early 1900’s, we had recessions every two years.
From 2009 to 2020, we enjoyed an 11-year bull run, the longest bull run in history. And when we finally had a recession, it lasted only two months. It was the shortest recession in U.S. history.
The duration between recessions is growing longer (these days, we average 10 years between recessions, as opposed to two years at the turn of the previous century).
And when recessions strike, we recover faster. The average length of recessions is growing shorter.
What does this mean? If we project these trends into the future, are we bound for the end of recessions?
That’s the question that kicks off this discussion with Ben Carlson, Director of Institutional Asset Management at Ritzhold Wealth Management and the host of the Animal Spirits podcast.
For more information, visit the show notes at https://affordanything.com/episode333
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