Successful navigation of recessions requires three-stage approach: first, prepare during booms by building financial resilience; second, protect everything during downturns by maintaining asset quality; third, invest during early recovery when others are impaired—this sequencing differentiates great investors from average ones.
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Speaker
Bruce FlattEvidence Quote
“The first thing you should do always when times are really good is ensure that you're preparing for the down market...coming out of the bottom what's most importantly is just have everything you have intact...then you can then invest capital um into new businesses.”
Source
Lessons from a lifetime of investing and outperforming | Bruce Flatt— The Knowledge Project PodcastCreated: 8/11/2026, 7:11:43 AM
My Notes
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