Becker Private Equity & Business Podcast
Depressions vs. Recessions & Bull Markets vs. Bear Markets 4-19-25
Sat, 19 Apr 2025
In this episode, Scott Becker reflects on the differences between bull and bear markets, recessions and depressions.
Chapter 1: Who are Theresa and Nemo and why did they switch to Shopify?
Wir sind Theresa und Nemo und deshalb sind wir zu Shopify gewechselt. Die Plattform, die wir vor Shopify verwendet haben, hat regelmäßig Updates gebraucht, die teilweise dazu geführt haben, dass der Shop nicht funktioniert hat.
Chapter 2: What improvements did Shopify bring to the Nemo Boards Shop?
Endlich macht unser Nemo Boards Shop dadurch auch auf den Mobilgeräten eine gute Figur und die Illustrationen auf den Boards kommen jetzt viel, viel klarer rüber, was uns ja auch wichtig ist und was unsere Marke auch ausmacht.
Chapter 3: How can listeners start a Shopify trial for 1 Euro per month?
Starte dein Testen heute für 1 Euro pro Monat auf shopify.de.
Chapter 4: What are the differences between depressions and recessions?
Chapter 5: How do bull markets and bear markets compare?
Chapter 6: Who is Dr. John Irwin and what role does he play in this discussion?
This is Scott Becker with the Becker Private Equity & Business Podcast. Today's discussion is depressions versus recessions in bull markets versus bear markets. So this particular quote comes out of a Twitter site called Compounding Quality. It was shared with me by one of my favorite people, Dr. John Irwin.
Dr. Irwin is now Chief Medical Officer, I think at Prisma Health System, but a brilliant, brilliant person. So the quote of the day that he shared with me, which I think is so apropos, and we'll talk about this in the context of depressions versus recessions. The quote is this, a bull market is when you check the price of your stocks every day to see how much money you've made.
A beer market is when you don't bother to look anymore. And the actual quote is attributed to John Hammerslow. And I don't know John Hammerslow, but I just absolutely love that it plays into this concept that we talk about often. Scales in portfolios or pounds in dollars about how I don't want to look at the portfolio when things are going poorly.
I don't want to go on the scale when I've been eating too much. I just love that. And so I love this quote. You know, bull market, you check your stocks every day. A bear market, you don't look at the monitor or the portfolio. I think that's right on. The next thing I'll mention is this, is there's a discussion here about recessions versus depressions.
And we joke about recessions versus depressions. A recession is when the stats show things are going in the wrong direction. Depression is when you lose your job or can't find a job. Two very distinct things. And that's not the true definition of depression, but that's when depression or recession really comes home to roost, when you yourself lose your job. So again, those are the concepts today.
The quote of the day, a bull market is when you check the price of your stock every day to see how much money you've made. A bear market is when you don't bother to look anymore. Thank you very, very much to John Irwin for sharing this with us. We absolutely love it. Thank you very, very much.
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