Investing by the decade…first stop, the ‘70s. Dave Goetsch and Norm Mindel discuss investing in the late 1970s when Jimmy Carter was president, Johnny Carson was the host of “The Tonight Show” and the Bee Gees were all over the Hot 100 Billboard chart. The United States was dealing with the fallout from the oil crisis and a stock market that showed no signs of life after a significant market decline in 1973-1974. Talk about learning a lesson on free markets.
“I don’t think you get wisdom, which I hope I have some at this point in my life, unless you’ve had several sort of learning moments. What I’m trying to do and what I want to share with the audience is what those learning moments mean and maybe help people not make the same mistakes.” — Norm Mindel
“I think it’s so different now in terms of the [investing] choices that you have, and there’s so much more transparency and accountability. But that feeling still certainly a lot of people have and is kind of justified from back in the day.” — Dave Goetsch
More About the Topics Discussed in This Podcast
Greg Myre, “Gas Lines Evoke Memories of Oil Crises in the 1970s.” NPR.org, November 10, 2012.
Jim Powell, “The Pleasures and Perils of Tax Loopholes.” Forbes, March 7, 2012.
Karen Hube, “A Harvest of Land-Related Tax Breaks.” Barron’s, February 28, 2015. (Subscription may be required)
Ed Prior, “How Much Gold Is There in the World?” BBC News, April 1, 2013.