'The Dislocation between the Market and the Economy' with Morgan Stanley's Thane Stenner

07/19/20 • 68 min

The Way Forward Webcasts with Leon Goren

On February 16, 2020, I wrote an article titled: Pull Your Head out of the Sand - Something's Gotta Give. The first paragraph opened as follows: "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, ..." so goes the famous opening line by Charles Dickens in March 1869. That line from A Tale of Two Cities perfectly captures where we find ourselves today. Its time to start thinking about reducing your risk exposure in both your business and investments and prepare to take advantage of various opportunities as they arise. A month later the S&P 500 collapsed just over 33%. No one can call the timing of any collapse but in this case the writing was on the wall.

Today we are in the midst of a V shaped recovery, with the market as of June 18th, recovering just over 30%. Yet there exists almost as much uncertainty in what the future holds as we noted back in February. Should we be jumping on the exuberant momentum or derisking our portfolios and heeding Warren Buffet's wisdom "We simply attempt to be fearful when others are greedy and to be greedy only when other are fearful".

Thane Stenner, Managing Director of the StennerZhony Group, part of Morgan Stanley's Wealth Division and Chairman Emeritus of TIGER21 joins us in our The Way Forward Webcast Series for a fireside chat on July 17th. The StennerZohny Group has been recognized in Barron's 2020 Top 50 Institutional Investment Consultants ranking #8 in all of North America and #1 in California.

Our interactive conversation will focus on providing you with some market insights and confidence on how you should be managing both your wealth creation and preservation during these uncertain times. "To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward" as John Templeton is famously quoted.

It's a session you won't want to miss as we explore the following:

What's happening in the markets and why the dislocation between the real economy?
Are we in a "V" shaped recovery or is this really a lazy W with a slow recovery?
The importance of having a well diversified asset allocation to ensure you don't lose those hard earned dollars.
Why are there so many well-known value investors sitting on the sidelines?
Are we in for another market reckoning?

It's a session you won't want to miss as we explore the following:

What's happening in the markets and why the dislocation between the real economy?
Are we in a "V" shaped recovery or is this really a lazy W with a slow recovery?
The importance of having a well diversified asset allocation to ensure you don't lose those hard earned dollars.
Why are there so many well-known value investors sitting on the sidelines?
Are we in for another market reckoning?

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Marketing Legend, Joe Jackman, and his VP of Engagement, Stefan Read, Discuss Changing Customer Attitudes and Values as a Result of the COVID-19 Crisis

Next Episode

'A Crisis Always Separates the Great Leaders from the Rest of the Pack' with Dr. JP Pawliw-Fry

There is nothing like a crisis to separate the great leaders from those that have been floating through good economic times. Most leaders know how to deal with certainty, but few understand the importance of being agile when uncertainty surrounds them. On July 28th, as PEO Leadership President and CEO, I will share some of my learnings over my 25 years experience of working with leaders from all over North America, as well as my observations of what has separated the great leaders from the rest of the pack over the last 4 months. I will be joined by special guest, Dr. J.P. Pawliw-Fry, world-renowned leadership expert, New York Time bestselling author, co-founder and president of IHHP, a Fast 100 company (Profit Magazine's fastest growing companies), who will moderate our webcast.

When times are good, it's very difficult to distinguish between average and great leaders - it takes time and numerous interactions. In a crisis, leadership skills, or a lack thereof, become evident very quickly - it's black and white, there is no gray area. In fact, the impact of leadership skills over the last four months has been so substantial that many leaders will be asked to step down and will be replaced by individuals who rose to the occasion.

This insightful webcast will provide you with the following takeaways:

What differentiated great leaders from the rest of the pack?
The importance of EQ and FQ.
The importance of having spent the time building the right connections and relationships well before the crisis.
How the first 3 weeks of the crisis set the stage of whether a leader would succeed?
Why the following 90 days won't get any easier?