Trading psychology and process over prediction is the lesson that takes most people decades to learn. Peter Grandich spent 42 years on Wall Street, called the 1987 crash and the 2000 top, and still says the current investing environment is the most bearish he has ever seen fundamentally.
Yet stocks are at record highs. He breaks down why passive investing and fiscal dominance are keeping the market up, where the real vulnerability sits in the corporate bond market, and why removing emotion from every trading decision is the only edge that actually compounds over time.
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CHAPTERS:
00:00 Introduction - Peter Grandich, 42 years in markets
01:07 Why stocks are at record highs despite an active war
02:19 Passive investing as a structural bull market driv...