you have to objectively look at what happens after major bears okay major bulls ensue and why do so many brilliant people's geniuses can't handle the market because their emotions get in the way strip that out look at the facts the first fifteen twenty liters to come out within a couple days before or the next two or three weeks after a follow-up all three day after a major bear are going to be generally generally most likely odds very high monsters you know a hundred to four five hundred i mean even greater percentages so use the rules follow the rules and strip your emotions out it's extremely so easy to say that right yeah right easier something done what do you do so you just follow the rules don't sell unless it violently breaks the 50 day and ride that thing for all it's worth understand the total addressable market know the fundamentals cold and say well you know if the market is six point five billion dollars for the new ischemia a thing for shockwave and they have like you know you know five hundred thousand dollars worth of market share right now yeah i will sit through four massive pullbacks of the 50 day to try to capture that no that no history and be ready trim when things are excessive and just know the rules know the fundamentals and sit as much as you possibly can dampen volatility through hedging and trimming and uh study history study bill

reread bill's book right now i think i think that's so key because i mean you were talking about asin mackephie and you know uh blackberry which was called research and motion back in the day um you know the way that you kind of get that optimism i think is by just remembering how these came out you know how bad the bear markets were that they came out of and what it looked like afterwards and you you i i think you're absolutely right you know bill's book how to make money in stocks the fourth edition has 100 charts right in the first chapter and it was something he had to fight the publisher for because he's like no you know the publisher is like who's gonna want to you know start a book that starts with 100 charts

chapter one

i loved it exactly you know and and they were like yeah your folks love it but you know if we're trying to sell this you know to to real people not not the uh the the folks that are your diehards uh you know how do we how do we sell this and he was insistent um but i i think that's just such a great place to start and get that history because remember those charts those 100 charts start with richmond and danville uh from 1890 and uh you know include tennessee colon iron one of the original dow jones industrial average components uh and then just go on through um you know what what we ended with like i think first solar and apple and uh you know a few of those and green mountain coffee roasters in 2009 and stuff like that yeah well

it was it was those charts that in 2000 and 2002 when i got hit in that bear market it was charts looking at charts like that that you know kept the faith for me because i never had never really you know used the system in able market and i i still sometimes wonder how i why even stuck around because all i did was learn to cut losses really quickly which turned out to be a great great lesson to learn but it was a lot a lot of just looking at previous examples and going wow you know maybe i

can catch the next ao well or shawl so so jim you

know well one thing i want to ask you because you know when we were chatting in new york um you know we were talking about all of these leaders that were holding up pretty well and then pretty much as soon as you left like the leaders just got whacked you know i you you jumped on a plane and it was like the leaders said okay well if jim is if jim's gonna be on a plane we're just uh you're

gonna take him that's right so what

what is your take now on some of those leaders like you know you mentioned shockwave n-phase celsius you know a lot of these names that a lot of us have been looking at um got hit pretty hard uh last week you know are they broken or is it just hey this is this is just the break that happens before uh even better things uh happen ahead

whether