Motley Fool Money Giving Thanks For Stocks
Nov 27, 2020
Morgan Housel, author of the best-selling book The Psychology of Money, joins the conversation to explore the intricate connections between money and human behavior. He discusses the journey from blogging to writing his acclaimed book, emphasizing the importance of understanding investing psychology. The hosts reflect on the stock performances of Cerence, Nike, and PayPal while cautioning against companies like Blue Apron and Macy's. They explore the changing market landscape and the significance of adapting strategies in response to evolving consumer demands.
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Zillow's Unexpected Success
- Ron Gross admits being wrong about Zillow's business model and stock performance.
- Despite his skepticism, shares are up significantly, though the company remains unprofitable.
EPR Properties and the Pandemic
- Jason Moser acknowledges his misjudgment on EPR Properties, an entertainment REIT.
- The pandemic significantly impacted its performance, leading to a stock decline and dividend suspension.
Incorrect Market Predictions
- Chris Hill admits to incorrectly predicting the demise of mergers, acquisitions, and IPOs in 2020.
- He cites Snowflake and Airbnb's IPOs as examples of his misjudgment.
