Summary
Phil cites a University of Virginia study showing 67% of men and 25% of women prefer self-administered electric shocks over quiet thinking. He uses this to argue that once COVID restrictions lift, most people will return to non-thinking mode — leaving cycle-aware subscribers with an advantage. He strongly advocates learning Gann chart reading and promotes his upcoming Gann classes, with Jon Kirk also contributing.
Key Claims
- Most people avoid reflective thinking; cycle-aware investors can exploit this cognitive bias. — confidence: high
- Learning to read Gann charts is Phil’s single most valuable skill — “by far, by a mile.” — confidence: high
- Gann’s original books must be purchased with original charts and page numbers (clues are embedded). — confidence: high
- US alcohol sales in April 2020 reached the highest recorded level since 1988. — confidence: high
- The post-COVID world will see government infrastructure spending and bank credit expansion fuel the cycle’s second half. — confidence: high