Show notes
"It's the End of the World as We Know It (And I Feel Fine)" is a 1987 song by American rock band R.E.M.. The title may sound pessimistic or perhaps a bit delusional. Yet, hear Kevin make the analogy as to why this song -- one of his favorites -- is a perfect theme song for capitalism, creative destruction, and rational optimism about innovation and future stock returns. Here's a little of what you'll learn on this episode:Why bad news in the headlines is nothing new. (1:39)What a consumer sentiment survey tells us. (4:12)Why it might actually be a good time to invest when you feel very pessimistic. (10:08)A book that still sticks with Kevin a decade later and the lessons learned. (13:44)What is creative destruction and how does it apply here? (17:23)
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