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The speaker emphasizes that the real money is made by being a bull and continuing to invest over the long term, rather than trying to time the market or predict recessions.
Economists have predicted nine of the last two bubbles, highlighting the difficulty in accurately predicting economic downturns.
Economists and investors often struggle to predict bubbles accurately, as they tend to call bubbles continuously, leading to a 'Cassandra' effect where they are not taken seriously until they are right.
Economists and investors often fail to predict bubbles accurately, as they may continuously call a bubble for years before being correct, leading to a lack of predictive ability.
Economists and investors often incorrectly predict bubbles, calling them continuously over many years without accuracy.
The long-term trajectory of the stock market is upward, and investing at market highs over a five-year period yields returns equivalent to investing at other times. This insight suggests that timing the market is less critical than maintaining a long-term investment strategy.
Scott Galloway predicted the emerging markets rally, noting a historical cycle where the rest of the world outperforms the U.S. every 7 to 10 years.
Markets tend to look through government shutdowns because they are temporary, but mass firings could lead to a market reaction.
It's difficult to predict bubbles accurately, as many who claim to have predicted them often continuously called for a crash over many years.