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Episode 2651:
Nick Maggiulli's insightful exploration in "How to Not Panic" uses historical parallels, particularly from the Spanish flu of 1918, to elucidate how understanding past events can help us maintain composure during financial downturns and market crashes. By drawing on lessons from history, Maggiulli empowers readers to navigate current uncertainties with a sense of calm and perspective, demonstrating that what we face today is not entirely unprecedented.
Read along with the original article(s) here: https://ofdollarsanddata.com/how-to-not-panic/
Quotes to ponder:
"You know history. You understand the risks. And, most importantly, you know yourself. Then you let the chips fall where they may."
Episode references:
"Very, Very, Very Dreadful" by Albert Marrin: https://www.amazon.com/Very-Dreadful-Influenza-Pandemic-1918/dp/1101931469
"Margin Call," film: https://en.wikipedia.org/wiki/Margin_Call
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Optimal Finance Daily - Financial Independence and Money Advice