In 2008, the market was going bananas. Before that time, people viewed homeownership as the unshakable bedrock of middle-class society. Dave Goetsch and Norm Mindel look back at the financial crisis and the dramatic effect it had on investors. At a time when waiters were touting their million-dollar real estate transactions after reading the day’s specials, hindsight is 20/20 the market was on course for an adjustment. Dave and Norm consider the crisis, the comeback and the power of investors to persevere.
“I can’t imagine retiring … I don’t golf, so what am I going to do?” — Norm Mindel
“For me, rewarding work is maximizing meaning and impact. So, if you have a lot of meaning but not a lot of impact, that’s not great. If you have a lot of impact but not a lot of meaning, it’s not great, but if you can have a lot of meaning and impact, then you are in the sweet spot.” — Dave Goetsch
More About the Topics Discussed in This Podcast
John Rothchild, “When the Shoeshine Boys Talk Stocks It Was a Great Sell Signal In 1929. So, What Are the Shoeshine Boys Talking About Now?” Fortune, April 15, 1996.
Caroline Valetkevitch, “Key Dates and Milestones in the S&P 500’s History.” Reuters, May 6, 2013.
Julie Verhage, “These Charts Show the Astounding Rise in Passive Management.” TheMoneyStreet.com (originally appeared on Bloomberg), December 30, 2015.
