# War vs. Markets

Page: https://stenobird.com/podcast/talking-real-money-investing-talk-201087/war-vs-markets
Text version: https://stenobird.com/podcast/talking-real-money-investing-talk-201087/war-vs-markets.md
Podcast: [Talking Real Money - Investing Talk](https://stenobird.com/podcast/talking-real-money-investing-talk-201087)
Published: 2026-04-22T17:00:00+00:00
Episode link: https://www.buzzsprout.com/2607021/episodes/19060734-war-vs-markets.mp3
Audio file: https://www.buzzsprout.com/2607021/episodes/19060734-war-vs-markets.mp3
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JSON: https://stenobird.com/v1/public/podcasts/talking-real-money-investing-talk-201087/episodes/war-vs-markets
Duration seconds: 1803

## Resource

War headlines dominate attention, but history shows they rarely have lasting impacts on stock markets. Don and Tom break down why geopolitical events—despite their emotional weight—typically cause only short-term volatility, while long-term returns are driven by economic growth and corporate earnings. They reinforce the importance of global diversification, push back hard against market-timing myths (with a great 1929 example), and remind investors that reacting to headlines is a losing game....

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## Transcript

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