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What We Learned in 2022
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Stocks Crash Because People Are Afraid
Stocks crash because people are afraid, which is why the contrarian move is sometimes described as being greedy when others are fearful. Both bubbles and crashes start with a rational assessment, a future profitability, and then get blown out of proportion through collective emotion. Don't worry if everything got beat up in 2022, if your portfolio is not nearly as pretty as it was a year ago at this time, because you're in it for the long haul - stocks have always gone up.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode