Unshakeable - Your Financial Freedom Playbook by Tony Robbins
I had seen advertisements selling seminars by Tony Robbins with raving testimonials about how their lives had been transformed. I decided to tune in to this audiobook which had 2 chapters read by Tony Robbins himself.
He speaks with high energy and that is a big ingredient to being a successful trainer. Fortunately for him, he joked that a tumour he found in his brain, which he decided not to touch, may be his secret source of unlimited energy.
All we need is just 10% of his readers to be charged up by him, to start investing in the stock market monthly, and we are set to drive the markets higher and higher (into a bubble). And like self-fulfilling prophecy, these 10% will feel more charged up as their stocks rise in value, because they felt that they took charge of their financial lives, and continue to promote the "wisdom" of monthly investments, adding to the bubble.
If there is anything that I learnt, it's that the stock market is filled with money that is brainlessly injected (in faith) monthly because of all the literature about how the Dollar-Cost-Averaging (DCA) strategy works. My only hope is that people acknowledge survivorship bias, and that while DCA may work, what DCA is applied to matters a lot more.
We need speakers like him to dispel covid-19 panic and ensure that the DCA believers support the economy at large.
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