What a week! Morgan Housel called this the biggest market decline since the last one you don't remember or care about. With talk of a flash crash happening and a recession looming, we’ll look at how Warren Buffet, Apple, and Japanese Yen played into a crazy ride over the past few days. We’ll also discuss historical market corrections and how the labor market has constantly evolved throughout history.
Key Takeaways
[00:18] - Let’s recap a crazy week
[08:03] - What history says about market corrections
[11:28] - Doug was right in his early-year forecast on the correlation of stocks and bonds
[14:50] - AI + how the labor market is constantly changing
View Transcript
Links
How Warren Buffet’s Apple selloff may have cost shareholders billions
Carlson: 3 thoughts on the stock market correction
60% of today’s workers are employed in occupations that didn’t exist in 1940
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Doug Stokes
Greg Stokes
Stokes Family Office
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Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.
