Sam Parr and Shaan Puri Discuss How to Build Fortunes During Recessions

Name: Sam Parr and Shaan Puri Discuss How to Build Fortunes During Recessions
Uploaded: 2022-06-29T21:00:18+00:00
Duration: 21 s
Channel: Sam Parr
Description: In this segment of the YouTube conversation, Shaan Puri argues that fortunes are forged in bear markets by buying undervalued assets with conviction…

29 Jun 2022 · 0 min

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0:21

In this segment of the YouTube conversation, Shaan Puri argues that fortunes are forged in bear markets by buying undervalued assets with conviction, warning against the common "buy high, sell low" mindset. Sam Parr counters that his focus is on generating more income and building companies rather than worrying about market losses, emphasizing entrepreneurship over market timing.

Fortunes are built during these bear market times. If your strategy with investing is to only buy in when things are going up and then like sell or do nothing when prices go down, like you have inadvertently subscribed to a buy high, sell low strategy. I think we know that that's not a winning strategy. The opposite of that is if you have conviction or if there are good assets that are underpriced temporarily, those are the times where you're supposed to buy in.
I'd rather just earn more income and build more companies than worry about these losses.