Jon Quast

These are the times that I like to stick my neck out and try and pick those previous high flyers that I think in better times can do it again.

Um,

The staples are there.

And to me, I would argue that things like energy and staples, you're keeping your portfolio four times like this and you don't buy them now.

But look, in general, I think you look cautiously for long-term opportunities.

And again, focus on what a business can be after the damage is done and try not to dwell on what it is now.

Yeah.

It's so important to stay invested.

Everyone would love to sell the top and buy the bottom.

Research shows that you can't do that.

I can't do that.

To channel my inner Mark Twain, I've anticipated many market crashes that have never happened.

It's important to stay invested.

But I do have a cash position right now.

I'm about 20% cash right now.

It's arbitrary, imperfect.

That's my max.

So the other 80% is going to stay in.

But that cash position does help me hold tight with my stocks right now before things get chaotic.

It helps me be able to realize that in a downturn, I'm ready to go.