Howard Lindzon

Human behavior has been the same since day one - greed and fear. A good time to buy stocks is when other people are panicking. It's risky, but it might be a great time to find an opportunity that isn't obvious during the good times. Panic is a great time to clean up a portfolio and to figure out what is going to grow over the next decade.

Howard says that Twitter does not understand their users anymore. The platform encourages everyone to yell and fight, and at the end of the day, the only people left are the ones yelling and fighting.

Om says that Facebook executives do not understand their role in the society. They prioritize engagement above all while making decisions, which may increase Facebook revenue, but does not make the world any better.

Om says that sometimes around 2015 tech industry really blew up and it is now 10 or maybe even 20 times bigger than it was a decade ago. Much of our lives are now dependent on technology.

In fact, now during the covid19 pandemic, we can see that while the government is struggling to figure it out, private companies like Amazon are the ones delivering food and supplies to the citizens.

In a few decades, our lives will be completely dependent on tech, and that may be why some people are hating tech companies now, due to the sheer power they hold.

Om says that tech leaders need to understand this tremendous impact and to act accordingly.

Om loved writing and saw that tech was going to be pervasive in the universe, and he wanted to write about it. Tech was also getting bad press, and Om could not understand why, he wanted to write good thing about tech.

Jim realized that while he has an appetite for risk, that won't be true for many of his clients, and everyone should have a portfolio that optimized for their comfort level. Some people would prefer to make less money with less risk, and that is totally okay. What's most important is that your start investing as early as you can, making the most gain from the compounding interest.

Understand your fears, talk through them. It will help you understand what is causing your feelings.

When things are bad, and you are only consuming bad information, the rest of the world starts to look bad.

Turn off your computer, go look at the sun, relax.

Jim O'Shaughnessy told Howard Lindzon on Lindzanity that models built from data beat human judgment in college admissions, in predicting which prisoners reoffend, and in doctors' diagnoses. People built the models and still lost, because human choices are inconsistent and the cause is almost always emotion. That research became his books, especially What Works on Wall Street. He calls fear, greed, hope, and ignorance the four horsemen of the investment apocalypse. Only ignorance is not an emotion, and reading can fix it. Fear, greed, and hope have destroyed more portfolios than anything else. He pointed to Richard Feynman dropping a Challenger O-ring into ice water and saying he thought that

In the time of uncertainty, people want definitive answers; the market is going to plunge or the market's going to recover. Unfortunately, given the times, it is impossible to tell the future with any kind of certainty.

If you look at the very long term data, since the founding of the U. S stock exchange in the late 17 hundreds, the market today is a good long term bet!

According to Jim OShaughnessy, Founder, Chairman & Co-Chief Investment Officer, OSAM LLCGold, gold bricks in your backyard or a safety deposit box might be somewhat panic proof, but otherwise, during times like this, when people are panicking, no, no asset is risk proof.

People can intellectually understand the risk, but in practice it is really hard to cope with, especially when it comes crashing down so unexpectedly.