One of the most important financial skills: recognizing when things are abnormally good and realizing they won't last.

This episode is brought to you by Davis Advisors. To learn more, visit https://www.davisadvisors.com/. Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

Most forecasts are hyper-optimistic or hyper-pessimistic. Not enough attention to the possibility that the main outcome in 10 years is that all businesses are 20%-30% more productive and life goes on.

This episode is brought to you by Davis Advisors. To learn more, visit

https://www.davisadvisors.com/.

Disclosure: Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

This episode is brought to you by “Stay Calm” the new book by David Booth. To learn more, visit https://www.staycalminvesting.com/.