seven habits of highly effective investors

#Seven habits of highly effective investors free

What you really saw play out, and this is the way that the market reacted to the circumstances as the dollar got weaker, because the Federal Reserve made the decision to basically extend their dovishness on raising rates, and they kicked it out to November. We don’t know that was going to happen, but we expected multiples to trade lower with those lower earnings calls. That doesn’t mean that it’s going to happen. We saw that play out.īut what we didn’t see was the subsequent expectation that we had, and this was very clear that you have to understand that’s an expectation. We can expect certain things like we expected the dollar to be extremely strong and to have an enormous impact on earnings in the United States. So, what’s important here is that we have no idea what’s going to happen in the short term. The earnings came in extremely weak, which was a result of the dollar, which Stig and I have been talking about for a while.īut the market went in the exact opposite direction. But we saw our expectations basically play out, concerning the earnings. That was going to drive multiple slower, which is how stocks are traded. To be honest with you folks, if I had to call that, or in August after we saw the market make a 10% correction in August, I would have never, in a million years, thought that we would have such a strong October.Īnd most of that opinion was based on the fact that I thought that the third-quarter earnings were going to come in and be very weak. I don’t know if it was the strongest month on record, but it’s very close to being the strongest record month. Maybe a week or two.Īt the end of October, it was probably one of the strongest months on record in the history of the stock exchange. Stig and I are recording this episode on the 30th of October, just because some of our episodes had a little bit of a lag. One of the people in the forum said, “Preston’s been really quiet lately.” And I love the comment because somebody was calling me out because of how the market has been. So, one of the comments on the forum was hilarious. Even though we’re rolling out episodes, I’m really struggling to keep pace with my current schedule these days. I really have not had a lot of time to focus on my investments, the podcasts, and things like that. I checked on the forum and for anybody that knows me personally, they know that I’ve had a very, very busy schedule lately. There have been some really interesting things happening in the market. So, before we get to the book, what we’re going to really discuss is the current market conditions because Stig and I haven’t done this for a while.

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#Seven habits of highly effective investors free

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P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORS Enjoy exclusive perks from our favorite Apps and Services.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Browse through all our episodes (complete with transcripts) here.Check out our We Study Billionaires Starter Packs.Stephen Covey’s book, The 7 Habits of Highly Effective People – Read reviews of this book.Check out out executive summary of The 7 Habits of Highly Effective People.Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! BOOKS AND RESOURCES Which of the 7 habits that is the most important.A brief discussion of each of the 7 habits of highly effective people.Why the historic stock market rally in October 2015 doesn’t change Preston and Stig’s fundamental opinion about the market.Why Preston, Stig, and Vanguard Founder Jack Bogle think the expected return in the stock market is 4%.