Matt Hall shares a hugely important concept for dealing with hard times. It’s called “The Stockdale Paradox.” It’s an extreme example and is shared because it helped Admiral Jim Stockdale survive as a prisoner of war. Our bet is that the Stockdale Paradox will serve you well during this period of uncertainty and when facing future challenges. Hill Investment Group has used the principle idea from the Stockdale Paradox since the founding of the firm in 2005, and Matt has leaned on it both personally and professionally, including when dealing with cancer, and even when writing Odds On. (Listening time: 10 minutes)

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Returning guest Marilyn Wechter has 40 years of experience as a wealth counselor and therapist. She is the kind of person you want in your world when it is full of uncertainty and isolation. Sound familiar? Wechter and Matt Hall discuss how to face the current challenges and come out the other side of this experience changed for the better.

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Morgan Housel penned a piece we think is worth your time. In just four points he argues we’ll get through this. “It won’t be easy, and for some it will be agonizing. But no one should be surprised when a market economy that offers so many benefits occasionally asks something in return.”

Click here for the full article – 3 minutes to read