AI Snips
Chapters
Transcript
Episode notes
A Shift With A Heartbreaking Outcome
- Jim shares a recent emergency shift story treating a 17-week pregnant patient whose water broke and the outcome was tragic.
- He uses the example to thank clinicians for caring during patients' worst days.
Recessions Are A Committee Call
- The NBER decides recessions qualitatively, not strictly by two negative GDP quarters.
- They weigh multiple indicators like employment and real income, so declarations lag real-time data.
Avoid Market-Timing Mentality
- Chasing a separate "recession-proof" portfolio tempts dangerous market-timing moves.
- A static allocation with annual rebalancing forces you to buy low and removes timing bets.