NYC Morgue Trucks Market Miss
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Sam Parr shares a story about his failed attempt to time the stock market during the early pandemic.
"My philosophy was there would be dead bodies in the streets of New York, and that would scare Wall Street. I thought someone would take a picture of bodies in an open van, people would flip out, and they'd say 'sell sell sell.'
That actually happened - there were videos of ice trucks with bodies in them. The day I saw that picture, I said 'I'm out.' Then the market took off a week after. So I'm still sitting on a lot of cash and I've lost a lot of money.
I haven't even logged into my accounts since the crash. I usually use Personal Capital and log in all the time to check my finances, but I've refused to look because I don't want to see what's going on."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.