Famed investor Sir John Templeton always recommended investing at the point of maximum pessimism. This principle emphasizes that the optimal time to invest and find opportunities is at the bottom of the market and during a crisis, when people are most pessimistic or a stock seems to be undervalued.
People might say that the American Dream is at the point of maximum pessimism. Economists who relate the American Dream to “social mobility” claim that, because fewer people are out-earning their parents now as compared to the 1940s, that decline in mobility shows a decline in the dream itself.
Indeed, journalists like David Leonhardt, musicians like Green Day, and others who say that the American Dream is better found outside of the United States try to convince us that the American Dream is at that point of maximum pessimism.
Continue reading at Fox News.
Gonzalo Schwarz is President and CEO at the Archbridge Institute. Gonzalo focuses on researching and writing about the American Dream, social mobility, the economics of human flourishing, economic development, and entrepreneurship. He is the author of the institute’s "American Dream Snapshot” and editor of two publications focused on social mobility in Europe and Latin America. Gonzalo has an M.A. in economics from George Mason University and a B.A. in economics from the Catholic University of Bolivia. You can follow his Substack, "Living the Dream," where he writes about the American Dream.
Culture of Flourishing
Famed investor Sir John Templeton always recommended investing at the point of maximum pessimism. This principle emphasizes that the optimal time to invest and find opportunities is at the bottom of the market and during a crisis, when people are most pessimistic or a stock seems to be undervalued.
People might say that the American Dream is at the point of maximum pessimism. Economists who relate the American Dream to “social mobility” claim that, because fewer people are out-earning their parents now as compared to the 1940s, that decline in mobility shows a decline in the dream itself.
Indeed, journalists like David Leonhardt, musicians like Green Day, and others who say that the American Dream is better found outside of the United States try to convince us that the American Dream is at that point of maximum pessimism.
Continue reading at Fox News.
Gonzalo Schwarz
Gonzalo Schwarz is President and CEO at the Archbridge Institute. Gonzalo focuses on researching and writing about the American Dream, social mobility, the economics of human flourishing, economic development, and entrepreneurship. He is the author of the institute’s "American Dream Snapshot” and editor of two publications focused on social mobility in Europe and Latin America. Gonzalo has an M.A. in economics from George Mason University and a B.A. in economics from the Catholic University of Bolivia. You can follow his Substack, "Living the Dream," where he writes about the American Dream.
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