Mellody Hobson
speaker
121 appearances
1 recordings
1 series
first heard Dec 2020
last heard Dec 2020
Mellody Hobson’s voice in public audio — every appearance, attributed to the second.
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Appearances
And that's when you make money.
I do expect continued market volatility.
We don't know when it comes or how it comes.
We went through a decade where volatility in the market post the financial crisis was very, very negligible and not normal.
And I think people got used to that.
So we've seen volatility certainly ramp up, especially this year.
And I think we're in for more of that going forward.
What I would say is, you know, we hold out to some of the principles of the greatest investors of all time.
And Warren Buffett says, you want to be greedy when others are fearful and fearful when others are greedy.
I would be buying on those bad down days.
And when things look really, really rich,
I'd be taking profits.
It's the exact opposite of what people do.
They want to buy more when stocks are going up and they want less when they're going down.
But over time, real money is made by being contrarian and is something that makes people very, very uncomfortable.
And it's counter to every other thing we do when we make a purchase.
None of us wants to buy a house and pay more for it.
We want to try to drive a hard bargain in our negotiations and pay less.
All of us get excited when we go into a store and something that we want is on sale, but we don't get excited when stocks are on sale for some reason.
And so if we could just hold that same kind of mindset, we'll ultimately have more significant returns.
Showing 101–120 of 121 · page 6 of 7
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