PSA Thursday: How Bad Is the Stock Market Crash?

Welcome back to PSA Thursday, a segment in which we talk about how to handle money, work, and life in the middle of a pandemic.

Today, our focus is on money - specifically, the stock market.

Why did it crash in March? What effect did that have on us as a society? Why has it rebounded in the middle of a shutdown, and what does that mean? Are valuations too high relative to earnings?

How can we handle our investments and retirement savings at a time when the movements of the market seem irrational and unpredictable?

We explore these questions in today's episode.

Om Podcasten

You can afford anything, but not everything. We make daily decisions about how to spend money, time, energy, focus and attention – and ultimately, our life. How do we make smarter decisions? How do we think from first principles? On the surface, Afford Anything seems like a podcast about money and investing. But under the hood, this is a show about how to think critically, recognize our behavioral blind spots, and make smarter choices. We’re into the psychology of money, and we love metacognition: thinking about how to think. In some episodes, we interview world-class experts: professors, researchers, scientists, authors. In other episodes, we answer your questions, talking through decision-making frameworks and mental models. Want to learn more? Download our free book, Escape, at http://affordanything.com/escape. Hosted by Paula Pant.