Travis Hoium

A lot of people that I talk to on a day-to-day basis were not investing back then, much less have stories like JDS Uniphase, for those of us who can go back all the way back to the 1990s.

Yeah, it can get worse.

Let's talk about when we come back,

where we're looking at potential opportunities, because I do think that we need to remind people that this does not mean panic sell everything, but it means that this is why we continue to add to the market by when you're lower, you want to be greedy when others are fearful.

So how should we be thinking about that as investors?

We'll get to that in a moment.

You're listening to Motley Fool Money.

Welcome back to Motley Fool Money.

One of the things that people often talk about when the market starts to decline or we have uncertainty like this, John, is safe havens.

We think about these as maybe the big companies where we know we're going to be buying toilet paper in the future or food in the future.

But a lot of these companies are really expensive.

We also have things like gold, Bitcoin.

Are there any real safe havens today?

I'll just add one of the things that I'm looking at is companies that have really phenomenal balance sheets and don't burn cash.

I think that's one of the challenges.

A lot of companies that get a lot of attention have a ton of cash on the balance sheet, but then you look and you go, they've really only got the runway to make it through the next two or three years.

So if things are really bad, they're going to have to go raise capital again.

But if you have 20%, 30% of your market cap in cash, and there are stocks that I have in my portfolio that are in that position, and you have a cash generating business,

You can start to do things like, well, use it as a safety blanket.

But you can also start to use that cash as a weapon to buy back stock and say, you know what, market, you're completely wrong.