Monday, August 23, 2010

Tony Robbins: I'm so Cool! (and Get out of the Market!)

Sometimes the vigorous gestures, broad smiles and name-dropping are appropriate, sometimes they're just weird. Reason highlights Tony Robbins warning his followers about (what he feels is) an upcoming market crash. Even though the subject is grim and needs serious conversation, Tony gives it like it was something to help you lose weight.

Bonus experiment: watch it with the sound off and see if you can tell if the topic is a grim one.

Update: This is by no means a polemic against Mr. Robbins. While I don't listen to him or read his books, I'm glad he does what he does. One guy telling large audiences to believe in themselves and strive to accomplish great things is worth any number of bloggers like me who spend their time grousing about how this or that is all screwed up.


tim eisele said...

Regarding the stock market, one interesting thing that I've noticed from the long-term graph of the Dow Jones average here:

The DJIA showed no net gain from about 1925 to 1942. Elapsed time: 17 years.

The DJIA again showed no net gain from about 1965 to 1982. Elapsed time: 17 years.

The DJIA has again shown no net gain since about 1999[1]. Making the (probably unwarranted) assumption that a similar pattern holds, 1999 + 17 gives us about 2016. This suggests that the time to get back into the stock market with the intention of making money will be about 5-6 years from now.

[1] It kind of cracks me up the way that so many people act as if the economy was just hunky-dory until 2008. I don't think we ever really recovered from the dot-com bubble.

K T Cat said...

Tim, the sites I've read have suggested that our short-term fixation on avoiding even small recessions by keeping interest rates low is what led to the build-up of the huge bubbles.