What Professional Investors Are Doing Right Now with Kevin Simpson
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How do professional investors react to market downturns?
It's so much about emotions, and that's the problem. For better or for worse, I've been in this industry for over three decades. And in the old days, we would experience one or two 10% pullbacks, almost like clockwork. And it seemed like every other year, we'd have a 20% pullback. Very often, it wouldn't be in the Gregarion calendar where you'd have it start to finish, peak to trough 20% downturn. But throughout the course of a year, it was very commonplace. So I feel like today, maybe we've been spoiled because the past two years were so good. But I think investors are freaking out a little bit. But we're only down maybe 10%, if that. Some stocks, certainly more so than others. But on a grander scale, I mean, I think things are OK.
So you're saying historically it's gone down more gradually and now it just feels like more whiplash. We need Valium looking at the market.
No, no, we had the same type of whiplash. What we didn't have was 24 hour social media. So we didn't know what was happening all the time. I mean, Even from a Fed perspective, if the Fed cut rates or they would hike rates, you know, we didn't know about it for a couple of days, maybe a week until we read it in the Wall Street Journal. The problem when we have volatility today is that we just feel it so intensely because we can't escape it. And that's fine. That's OK. It's just how do we mentally overcome markets when they turn down? And what do we do about it to make successful investment decisions?
You mentioned the correction, 10%. That's not a recession, to be clear.
Is a recession imminent or just a market correction?
No, no. And you're going to hear words like recession and stagflation and very, very scary things out there. But the resiliency of the labor market makes me a lot less concerned about a recession. Someday we'll have them. It's part of a normal economic cycle. When you look at the economy right now, we still have a GDP that's expanding, even though it's not expanding rapidly.
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Chapters
6 chapters
1
How do professional investors react to market downturns?
2:22–3:46
2
Is a recession imminent or just a market correction?
3:46–7:27
3
What investment opportunities are available during a dip?
7:27–11:44
4
Are dividend stocks a safe bet in volatile markets?
11:44–16:09
5
How do experts like Kevin Simpson view market timing?
16:09–25:47
6
What is Kevin Simpson's take on current stock picks?
25:47–30:22
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