

Market Volatility and How Successful People See the World
Mar 6, 2020
Emily Balcetis, a psychology professor at NYU and author of 'Clearer, Closer, Better', shares fascinating insights on how successful individuals perceive challenges. She discusses the science of motivation and innovative strategies to overcome obstacles in achieving goals. The conversation also highlights unique business practices, including 3M's approach to goal-setting. Additionally, the group delves into market volatility, emphasizing the psychological impact on investors while offering a fresh perspective on navigating uncertainty in both finance and personal development.
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Market Volatility and Psychology
- Market volatility feels worse than it is because losses hurt twice as much as gains.
- The uncertainty surrounding the coronavirus amplifies this effect.
Be Cautious, Even with Cheaper Stocks
- Many businesses are cheaper after recent market drops, but some are still worth avoiding.
- Consider the long-term prospects of companies before buying.
Costco's Strong Quarter
- Costco saw increased sales, likely due to coronavirus-related bulk-buying.
- Even excluding this bump, their earnings report was strong, with comp sales up almost 9%.