How would you address anxiety before the volatility? How would you address it during the volatility? The details of what makes the market decline are unknowable. I just try to focus on, is my net worth durable? Isn't reasonably durable? Do i have a good margin of safety? Do iHave enough dity, enough cash? Do ihave enough room for error? And that's all that i can focus on.
Most investors are not as smart as they thought they were a year ago. Fortunately, they're also not as dumb as they feel today. Morgan Housel, author of the international best-selling book “The Psychology of Money” joins Motley Fool co-founder Tom Gardner on to discuss investing behavior and why it is the most fundamental piece of your investing success. They also talk about how you can think about your cash position and how to mentally prepare for down markets.
For a free copy of our investing “Starter Kit,” visit http://fool.com/starterkit and we’ll email it to you.
Stocks: NFLX, SHOP
Host: Tom Gardner Guest: Morgan Housel Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
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