Rick Salmaron
speaker
240 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Rick Salmaron’s voice in public audio — every appearance, attributed to the second.
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Appearances
that's able to shine that spotlight in the area and help right the ship or help bring you off the ledge can be a tremendous savior in a time of need.
One great killer mistake is fear.
I mentioned that word earlier, fear.
Fear that whatever's going on in the world, that this is a brand new disease that we've never seen before and it will turn our economy and economic system and the ebb and flow that we've always seen of growth and recession and growth and recession up on its upside down.
And now we're going to be living in a brand new world that no one has ever experienced before.
There have been countless world events, looking back at history, that people can peg.
They may not remember it, although let me bring this to one's attention.
How many world events happened?
A pandemic, a technology crash in 2000, wars, different presidential administrations, inflation at 9%, inflation at 14%.
You name it, there have been always unique periods of time of world events that would cause us as people to believe, wow, we've never seen something like this before.
Therefore, the way the world turns is going to be completely different.
And we need to take what have been tried and true tested strategies, throw them in the trash can and replace them with something completely different.
And if a person did that, looking back, that would have been a huge mistake.
When we're fearful that whatever this new world event is, if it's a new president that got elected, if it is who's going to be in charge of the Fed, or what interest rates are going to be, or what's the price of oil going to be, when we start to go down the rabbit holes...
of this is something that we've never seen before.
In other words, this time it's different.
Those are the most four famous dangerous words in long-term investing history, right?
When we start to adopt policies based on that, we get into big trouble.
So fear is a huge, huge mistake.
And it's easy to feel fear.
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