Peter Atwater, an economics professor at The College of William and Mary and author of “The Confidence Map,” joins us to discuss how confidence shapes our financial markets.
He explains how The Hunger Games relates to the Lehman Brothers collapse. He describes why you should “Buy Adele and Sell Pharrell.”
From the Panic of 1857 to the patterns behind modern media consumption, Peter talks us through the intricate web of behavioral oddities that extend beyond finance.
He talks about the “K-shaped recovery” – how different segments of the population are experiencing different economic realities.
He touches upon economic, political, and social trends, and the hidden dynamics that shape market behavior and reveal the profound impact of consumer confidence.
Our conversation will leave you with a deeper understanding of how behavioral patterns shape the financial landscape – including your investments.
Timestamps as of July 2023:
03:24: Comparing the 2008 financial crisis to the panic of 1857
05:26: What would a 21st century financial crisis look like?
05:35: Why access to information doesn’t level the playing field
10:03: Panic and index funds vs. individual stocks
12:07: The role of imagination in investing
14:35: Why the Hunger Games was popular, the national mood, and how this impacts investing
25:40: COVID’s impact on the national mood
31:01: The K shaped recovery and confidence
52:51: How to think about the economic news
Enjoy!
Thanks to our sponsors!
Indeed
If you’re looking for amazing talent to bolster your team, you need Indeed. Go to indeed.com/paula for a $75 sponsored job posting to upgrade your listing and start hiring today.
1st Phorm
1st Phorm’s Opti-Greens 50 is a precisely formulated greens superfood powder with 50 hand chosen ingredients, and tastes like no other product on the market. 1st Phorm is so confident in the flavor that if you don’t like it, they offer a 110% money back guarantee. Go to 1stphorm/afford for free shipping on orders over $75.
Policygenius
Go to policygenius.com for free quotes and comparisons across more than 30 insurers. With Policygenius, you can find life insurance policies that start at just $25 per month for $1 million of coverage.
