This Time Isn’t Different

$42.50

Gives advisors a system for preventing clients from panicking in down markets, right from the first day of the relationship.

 

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Tiered Pricing

$42.50
1 - 19 Books
$40.00
20 - 49 Books
$37.50
50+ Books

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• The full permanent premium return of mainstream equities is available only to long-term investors who are prepared to ride out the market’s frequent, sometimes significant but always temporary declines.
• Investors who panic out of the market and go to cash during declines doom themselves to long-term regret.
• This book lays out a system for training clients, from the very first day of the relationship, to regard the permanent returns and the temporary declines as an inseparable package.
• The failing investor’s death song – “This Time Is Different” – is accurate only in the sense that the narrow specifics of every “crisis” are different, and therefore shocking to the point of panic. The dot-com implosion was entirely different from the Global Financial Crisis, which was completely different from COVID. Every serious bear market comes out of deep left field.
• But America’s most successful companies work through and around every crisis, ultimately innovating their way to new heights of earnings, dividends and values.
This book says that clients can be systematically trained to see themselves as patient long-term owners of great companies rather than as helpless victims of the stock market’s “volatility.”
• The depth of the clients’ trust in their advisor ultimately governs whether they come through bear markets unscathed. This book is, above all, a rigorous system for developing that trust.

— Nick Murray

Additional information

Weight 16 oz
Dimensions 8.5 × 5.5 × .75 in