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How Nature Makes Us Human

40 0
24.07.2024

Abraham Maslow was wrong. When he proposed his theory of human needs, he overlooked one crucial element in his hierarchy: nature.

This realization hit me when Camping World Holdings, Inc. (stock symbol: CWH), a company specializing in outdoor gear–caught my attention by chance. On February 18, 2020, CWH was trading at $17. But as the COVID-19 pandemic spread panic, it plummeted to $3.40—a staggering 80 percent loss in just 20 trading days. Then, something extraordinary happened: stimulus checks and other government interventions released vast amounts of money into the economy.

As the market stabilized, Camping World’s stock began to soar. By August 3, a mere four and a half months later, it reached $43—nearly 200 percent better than the S&P 500, the benchmark of general market performance. The reason? CWH’s business was booming with blockbuster earnings and rising dividends. This trend continued until the summer of........

© Psychology Today


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