

TIP 059 : The 7 Habits of Highly Effective People (Business Podcast)
17 snips Nov 8, 2015
Discussion on the 7 habits of highly effective people, importance of market conditions, Warren Buffett's mindset, prioritizing tasks, empathy in communication, and sustaining effective habits for success.
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Stock Market Expected Return
- The expected return for US equities today is approximately 4% over the next 10 years due to high market valuations.
- High market prices imply lower yield and increased risk, requiring cautious investment decisions now.
Jack Bogle's 4% Stock Return
- Jack Bogle estimates a 4% future stock market return based on dividend yield, earnings growth, and declining P/E ratio.
- Investors must also consider inflation and taxes, which reduce net returns further.
Infinite Choice Example
- Preston illustrates infinite choice possibilities by imagining suddenly flying to Hawaii during the podcast recording.
- This example shows how being proactive involves consciously choosing among endless options at any moment.