Valuetainment - October 12, 2022


How To Combat Market Crash Anxiety


Episode Stats


Length

4 minutes

Words per minute

218.20041

Word count

1,067

Sentence count

94

Harmful content

Toxicity

4

sentences flagged

Hate speech

2

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, I talk about how leaders are born out of fear and how to deal with it. Fear is a natural part of the human experience, but leaders who are able to handle it better are the ones who make the most of it.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Look, as an operator behind closed doors, I'm talking to a lot of different partners.
00:00:03.200 I'm talking to employees, direct reports, and I'm seeing a lot of fear in some people's eyes.
00:00:07.100 They're worried.
00:00:07.560 They're concerned.
00:00:08.400 Is this real?
00:00:09.400 Some people are really afraid.
00:00:10.940 Market crash.
00:00:11.760 Dow went below 30,000.
00:00:12.880 Will it go below 28?
00:00:14.060 Look where Bitcoin's at.
00:00:15.000 Look what's going on with Russia and Ukraine.
00:00:16.300 Is there going to be a nuclear?
00:00:17.520 What's going on with Armenia, Azerbaijan, Iran?
00:00:19.580 This is a little scary.
00:00:20.700 I get it.
00:00:21.300 But at the same time, a climate like this exposes leaders that panic and can't handle these types of situations.
00:00:27.780 But it also discovers leaders who all of a sudden everybody says, oh, that guy makes me feel good.
00:00:34.900 That guy seems very reasonable.
00:00:36.660 I'm going to follow this guy.
00:00:38.080 It's going to discover those types of leaders, and we'll talk about it in this video.
00:00:41.540 By the way, if you get value from this video, give it a thumbs up and subscribe to the channel.
00:00:45.000 So let's get right into it.
00:00:46.100 Today, what things that people don't see without cameras on in meetings?
00:00:50.940 People don't see when leaders panic.
00:00:52.660 There's a lot of that going on.
00:00:54.340 Anxiety.
00:00:55.040 You just feel anxious being around them.
00:00:56.780 Negative.
00:00:57.140 You feel negative being around them.
00:00:59.540 They just want to kind of stay positive.
00:01:01.160 I just want to stay positive.
00:01:02.480 I don't want us to look at numbers.
00:01:03.920 I don't want us to look at stuff.
00:01:05.200 Just please, can we just stay positive?
00:01:06.820 Can we just stay positive?
00:01:07.700 And they don't have the maturity to say, no, really, we're going through some of this stuff.
00:01:12.400 And this bleeds into other people on their teams, fear, all of that.
00:01:16.100 And next thing you know, everybody's kind of panicking, panicking, panicking.
00:01:19.460 And nothing good comes out of that happening.
00:01:21.600 Matter of fact, we were having a conversation this morning.
00:01:23.680 I was doing a meeting with Minak, which Minak, our app is blowing up.
00:01:27.240 And we were having this conversation with the guys.
00:01:29.180 And I said, listen, in war, what happens if we're in war and one of your battle buddies panics?
00:01:36.700 And they're constantly panicking about making mistakes.
00:01:39.820 You know what happens when a battle buddy does that in war?
00:01:42.560 People die.
00:01:43.320 Units get killed when someone panics.
00:01:47.200 But in war, when you're in war and things are not going right, there's so many different things going on at the same time.
00:01:53.360 What happens when somebody says, listen, guys, here's what we can't control.
00:01:58.120 Here's what we can't control.
00:01:59.680 Let's go back to what we've trained for and do this.
00:02:03.340 And if we do it right, we can win this little battle that we got going on here.
00:02:06.860 So these types of people get discovered and they become leaders.
00:02:10.220 So for you, today, I've gone through 2001, crash.
00:02:15.640 I've gone through 2001, 9-11, 2007, 2008, COVID, all these different things.
00:02:20.680 Iran, I watched my dad.
00:02:21.840 All these different things I've gone through.
00:02:23.760 When I was in Germany at a refugee camp and I'm 11, 12 years old, short term, nothing's going right.
00:02:29.540 Short term, I got cut, stabbed in a fight I got into with an Afghani. 1.00
00:02:33.460 I'm an Iranian, he's an Afghani.
00:02:34.620 And there's a little bit of battle there, we got into a fight.
00:02:37.340 So I don't have anything to look forward to.
00:02:39.540 I'm loving living in Germany.
00:02:40.800 I'm having a great time.
00:02:42.240 But what gave me a lot of sanity to overcome the pain wasn't the short term issues that we're facing living in a refugee camp.
00:02:49.000 It was long term, we're eventually going to end up in America.
00:02:52.200 And whether that's a year from now, two years from now, it doesn't matter.
00:02:55.120 Long term brought me peace.
00:02:56.780 When I'm in Iran and we're going through the war and my dad's like, everything's going to be all right long term. 1.00
00:03:01.820 Short term, it's going to suck.
00:03:03.180 But long term, it's going to be great.
00:03:04.620 That feeling of long term, it's like, you know what?
00:03:07.400 What a perspective.
00:03:08.380 You're right.
00:03:09.300 You go back to 1982.
00:03:10.940 You know where Dow Jones was in 1982?
00:03:13.500 900.
00:03:14.340 You know where Dow Jones is at today?
00:03:16.480 29,000.
00:03:17.400 You know how many times that is?
00:03:19.000 That's 33 times.
00:03:20.380 You know what that means?
00:03:21.260 That means 40 years from now, 2062, Dow Jones should be around 900,000.
00:03:26.960 Give or take.
00:03:28.060 Think about what I just said to you.
00:03:29.580 If we go based on that 40 years long term, pretty much everything works itself out.
00:03:34.940 However, a leader must know that to bring hope to the team, simultaneously address the real issues that we can do something about, to highlight to the peers, and challenge peers to step up and do something about it with a strategy, with a challenge.
00:03:50.720 Then from there, you go out there and execute during times like this with a high level of urgency, very, very much of a hope feeling things are going to work out, but extremely urgent and a bit of paranoia to say, if we don't, we could go out of business.
00:04:05.340 I know all this stuff may be like, that's kind of a bipolar thing, isn't it?
00:04:09.020 It is, but you need both of it, right?
00:04:10.360 You need somebody that's poised, calm, ready, prepared, excited.
00:04:14.620 It's going to be fine.
00:04:15.360 I have faith.
00:04:16.000 I have hope.
00:04:16.720 But at the same time, guys, let's go.
00:04:18.060 We ain't got a lot of time.
00:04:18.840 Let's go.
00:04:19.400 Did you get that stuff in?
00:04:20.200 Did you get that?
00:04:20.720 Let's go get it.
00:04:21.260 We can do it.
00:04:22.060 That mentality needs to be in the right place.
00:04:24.100 Again, we went through this.
00:04:25.600 Every five to ten years this happens, and every five to ten years, people get exposed.
00:04:29.740 People get discovered. 0.99
00:04:30.400 My challenge to you is for the market to discover you as a leader, not as somebody that panics, fears, has anxiety constantly when shit hits the fan. 0.93
00:04:38.240 So having said that, if this message gave you value, give it a thumbs up and subscribe to the channel. 0.94
00:04:43.400 And if you want to go a little bit deeper into a message like this, watch a video I did two years ago.
00:04:47.480 I think it's called The Difference Between Wartime Leaders and Peacetime Leaders.
00:04:51.160 Having said that, have a great day, everybody.
00:04:52.720 Take care.
00:04:53.160 Bye-bye.