The Julia La Roche Show
#138 Peter Mallouk, CEO of $245B Creative Planning: 'It’s Hard To Be Anything But Optimistic Over The Long Run'
Jan 25, 2024
Peter Mallouk, CEO of $245B Creative Planning, shares his long-term optimism due to low unemployment, emerging markets, and technological innovation. He advises against market timing and recommends a diversified portfolio. Mallouk is skeptical of cryptocurrencies and gold as investments. He emphasizes the importance of asset allocation and avoiding common investor mistakes.
26:27
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Maintain a long-term perspective and focus on the macroeconomic factors that drive long-term growth, such as low unemployment, emerging markets, and technological innovation.
- Do not try to time the market or make investment decisions based on short-term events. Instead, focus on asset allocation and diversification to protect your portfolio.
Deep dives
Long-Term Optimism in the Economy
In the long run, the speaker is incredibly optimistic about the economy. Factors such as low unemployment, emerging middle class, and technological innovation contribute to this optimism. Demographic trends and technological breakthroughs are viewed as positive for the economy, and when combined with low unemployment, the expectation is for economic expansion and success.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
