Crash, boom, bang! The sounds of Wall Street in the 1980s. Dave Goetsch and Norm Mindel discuss the years leading into the 1990s, which provided more than one defining moment in financial history. Dave and Norm recall what it felt like to live through the market crash of October 1987 and the days when Japan emerged as an economic force to be reckoned with before the bubble burst. When the neon landscape eventually faded to flannel, the door was open for asset allocation and a disciplined approach to investing. With the help of a globally diversified portfolio, finishing is winning.
“My best role as an advisor is to get the client to finish the race. You know, winning isn’t the most important. You’ve got to finish the race.” — Norm Mindel
“Somebody once described it as you’re essentially investing in humanity. If the world ends, you’re not going to do very well.” — Dave Goetsch
More About the Topics Discussed in This Podcast
Wallace Witkowski, “10 Lessons From the Market Crash of 1987.” MarketWatch.com, October 19, 2012.
Robert L. Cutts, “Power From the Ground Up: Japan’s Land Bubble.” Harvard Business Review, May-June 1990.
Martin Fackler, “Take It From Japan: Bubbles Hurt.” New York Times, December 25, 2005.
Norm Mindel, Wealth Management in the New Economy. John Wiley & Sons, Inc., 2010.