For economic geeks like ourselves and those old enough to remember, this week will be seen as the anniversary of one of the greatest bull markets in history. It was on August 12, 1982, that the Dow Jones Industrial Average dropped to its low of 777 (lucky number) —almost precisely where the Index had closed in January 1964, more than 18 years earlier!
Here’s some of what you’ll learn on this episode:
Human nature doesn’t change and we’re still prone to the same financial mistakes today that we were back then. (5:10)
The issues the dealt with through the 60s and 70s seem remarkably similar to what we’re experiencing now. Guess what coming out of those tumultuous years? (7:49)
Why proper diversification could have produced really good returns during The Lost Decade to start this century. (11:25)
The major mistakes that we make when we’re near or in retirement. (16:40)