Stuck@Om with Ophir Gottlieb
In this episode of Stuck@Om, I chat with my friend Ophir Gottlieb, the CEO and Editor-in-Chief of Capital Market Laboratories. We talk about the importance of proper perspective. Ophir likens perspective to a superpower \u2014 with it, we are the best investors in the world. Yet the increase of access to and influx of information has only served to create more confusion. Ophir emphasizes that we are totally overwhelmed with data and underwhelmed with information.
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With that proliferation comes the competition to be profitable. The news media doesn\u2019t just provide news \u2014 it\u2019s become sensationalized.There is this disconnect between a story existing, and the need to just get something printed. News has probably hurt more people\u2019s wealth than helped it. It\u2019s very difficult to lose wealth in the stock market. Yet it continues to happen. It isn\u2019t because people are stupid. So how can it be? Because money is tied to the identity of self and fear that you\u2019ll lose that identity. The stock market is driven by emotion.\xa0
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Ophir and I also discuss society\u2019s shift from a long-term orientation to one of short-term focus. Have we lost the ability to think beyond the now? We chat about Robinhood\u2014the trading app that\u2019s become a phenomenon\u2014and how its impact isn\u2019t as striking as Schwab\u2019s move to commission-free trading. We also ruminate on the unprecedented steps that have been taken with the economy and how our expectation for a natural response to an unnatural occurrence is baseless. We are dealing with an unnatural economic impact. We can\u2019t do the normal things when the thing we\u2019ve created isn\u2019t normal.\xa0
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We talk about the giant leap forward in the digital realm that\u2019s been made out of necessity. Ophir shares that he is investing in the companies that will help the world move forward in the digital transformation. Lastly, Ophir shares his thoughts on when and how to invest in the market. We cover a wide range of fascinating topics in this conversation. Be sure to listen for insight on the economy.\xa0
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Outline of This Episode- Ophir\u2019s background in institutional finance
- How the influx of information has created confusion
- The information asymmetry rampant in the market
- The impact of \u2018noise\u2019 on the rise and fall of the stock market
- Has humanity become short-term oriented versus long-term?
- The phenomenon of the Robinhood trading app
- How is Ophir is reading the current market opportunities\xa0
- Are we cycling into the future of american economy?
- Tech stock valuations are high\u2014so when do we enter the market?
- How to connect with Ophir and join his community
- Capital Market Laboratories
- Follow on Twitter