Season 11, Episode 126: Guest: Phil Mancuso: Why Culture Matters in the Markets

“Markets can remain irrational longer than you can remain solvent.” - John Maynard Keynes



Phil Mancuso is a partner at EPM and President of Appraisal Nation and he is stopping by the show today to share a little of his wisdom with our listeners!  Phil digs in with Jay about how preparation can make everything clear and when plans don't get quite right, how the financial status in the U.S. has changed recently and what that looks like on a daily basis, and Phil gets pretty real with his assessment of just how bitter the current landscape can be.  Phil is a guy who doesn't hold back, so get ready to get real on this episode of The Culture Matters Podcast. 

Chapters

• 0:00 Intro
• 10:29 Preparation allows clarity
• 23:13 A lot of work...no money
• 35:48 The mortgage path
• 45:55 "I would say I far exceeded my best expectations."
• 1:00:31 Be the most forward thinking
• 1:11:39 “It’s so easy to be successful in this industry, and I never had to do anything crazy.”
• 1:21:21 The times are changing
• 1:32:37 “If you don’t think that we’re in the shit and if you don’t think that the Fed is eased, folks, you’re not looking at the reality of things.”