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#73: We're *ALREADY IN* Recession IMO. So Whaddya Do ?
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Tho it ain't official, I think we're in recession. Why? Recessions LAG data. Here's the data:
- China Slowest GDP in 30 years.
- Inverted yield curve.
- Europe in recession.
- Capital spending droppin.
Should you sell your stocks to try and time the market? HELLLL NAW!!! Click and listen as our guest Masroor Ahmed drops some serious street cred on how to be a long term investor.
Comedian Noshod Barrow joined us too - he shared some stories from his cross country running days (RUN *BLACK* FORREST, RUN!!) and his military school days.
As for Masroor, this dude is VP of Finance (aka 'cheddar manager') for Factor 75, a food service company. He basically tells CEOs and CMOs how much they can spend, where they should spend it, and what prices they should charge for all their products. CHEDDA-MANAGER! He breaks down how to make that bread and how to keep that bread.
Finally, Noshod decided to bring up "ego death" as a topic. aka Nirvana, enlightenment, ma'rifa. Know it? We take a stab at it, listen in to find out how to obliterate your s-e-l-f.
Make cheddar and chill,
- Amer
SHOW HIGHLIGHTS
03:28- Noshod’s introduction
04:52- Hair loss
05:48- Introducing Masroor
08:55- Rap Swagger
11:06- Amer’s Bollywood Dance
11:26- Masroor’s origins in Alaska and India
14:05- Masroor, VP of Finance Factor 75
18:40- Working in finance, Deutsche Bank
26:05- Success and failure
28:15- Ego in comedy
30:40- Masroor's experience in business
33:04- We’re in a recession
41:04- China's economy is slowing down
42:40- Who’s affected by slowing economies
44:55- Questions from the audience
47:40- Selling your portfolio in a recession
50:10- Ego death
54:50- Meditation
59:15- Do not sell
01:02:45- Buy low, Sell high
01:05:30- Snowballing your investment
01:06:30- Should you invest in stocks or your own business?
01:11:10- Charlie Trotter’s
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