# The psychology of building portfolios to withstand any cycle

Page: https://stenobird.com/podcast/capital-ideas-podcast-325910/the-psychology-of-building-portfolios-to-withstand-any-cycle
Text version: https://stenobird.com/podcast/capital-ideas-podcast-325910/the-psychology-of-building-portfolios-to-withstand-any-cycle.md
Podcast: [Capital Ideas podcast](https://stenobird.com/podcast/capital-ideas-podcast-325910)
Published: 2026-03-05T13:00:00+00:00
Episode link: https://www.capitalgroup.com/global-disclosures.html
Audio file: https://traffic.libsyn.com/secure/capitalideas/CapGroup_eps_321_Capital_Conversations_-_SATW_FINAL.mp3?dest-id=473267
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JSON: https://stenobird.com/v1/public/podcasts/capital-ideas-podcast-325910/episodes/the-psychology-of-building-portfolios-to-withstand-any-cycle
Duration seconds: 1305

## Resource

Before becoming a fixed income portfolio manager, Shannon Ward's passion was psychology. Today, she uses understanding people and behavior to inform her investment strategies in high-yield bonds. Key takeaways: The importance of portfolio diversification and avoiding what you don't fully understand Lessons from three decades of market cycles How strong partnerships with analysts can help create resilient portfolios #CapGroupGlobal This content is intended to highlight issues and be of a general nature. It should not be considered advice, an endorsement or a recommendation. Products mentioned are not an offer of the product and may not be available for sale or purchase in all countries. All investments have risk, and you may lose money. Past results are not a guarantee of future results. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This content is published by Capital Client Group, Inc., and copyrighted to Capital Group and affiliates, 2026, all rights reserved. For more information, including our detailed disclosures, visit www.capitalgroup.com/global-disclosures For our latest insights, practice management ideas and more, subscribe to Capital Ideas at getcapitalideas.com If you're based outside of the U.S., visit capitalgroup.com for Capital Group insights. Watch our latest podcast, Conversations with Mike Gitlin, on YouTube: https://www.youtube.com/playlist?list=PLbKcvAV87057bIfkbTAp-dgqaLEwa9GHi U.K. investors can view a glossary of technical terms here: https://www.capitalgroup.com/individual-investors/gb/en/resources/how-to-invest/glossary.html To stay informed, follow us LinkedIn: https://www.linkedin.com/company/capital-gro…

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