I think that the marketplace is getting just really disappointed in the founder of Tesla. I wouldn't be surprised if some sort of change in leadership came or some statement or clarification on what's happening there. We all wish that we could own name the great company, Amazon, Apple, Microsoft, Tesla, we all Starbucks, but that's why Warren Buffett has said. If you can't handle a 50% decline in the value of one of your investments, you should not invest in it because the probabilities are it will go through that period.
Everything feels unprecedented if you don’t study history, and 2022 wasn’t unique for the stock market. Morgan Housel is the best-selling author of “The Psychology of Money”. He joined Motley Fool co-founder and CEO Tom Gardner for a conversation about:
- Why cash is a better hedge against inflation than many believe - Parallels between the 2022 stock market and the dot-com bust of the early 2000s - What Tesla investors can learn from Starbucks’ past decline Companies discussed: BRK.A, BRK.B, TSLA, SBUX Host: Tom Gardner Guest: Morgan Housel Producer: Ricky Mulvey Engineers: Tim Sparks, Rick Engdahl
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