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Motley Fool Hidden Gems Investing

Mistakes? We've Made A Few

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 27 September 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

When you don't get what you want, you get experience. (0:21) Asit Sharma discusses: - The S&P 500 hitting a new low for the year - Seeking out companies with "fortress balance sheets" - Whether Mullen Automotive is a meme stock - Learning from mistakes and staying in the game (11:00) Economists and personal finance authors have very different opinions on topics like savings and investing. Alison Southwick and Robert Brokamp break down the differences and share their own thoughts. Got questions about stocks? Call the Motley Fool Money Hotline at 703-254-1445! Stocks discussed: MULN, UA Host: Chris Hill Guests: Jason Moser, Brian Stoffel, Jamie Louko Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Whatever you're going through is an investor we've been there too and one of the tricks

0:09.6

is to just keep going.

0:11.0

Motley full money starts now.

0:13.6

I'm Chris L. Joining me today, Motley Full Senior Analyst, Asa Charma.

0:20.4

Thanks for being here.

0:21.8

Chris, thank you for having me.

0:24.4

It was looking pretty good for a few minutes this morning, right after the market opened

0:27.9

and everything was in the green and here we are just a few hours later and the headline

0:34.1

is the S&P 500 hitting a new low for the year down just about 25% from its high for the

0:42.6

year.

0:44.0

And you and I were chatting right before we started recording.

0:47.0

I'll return to a theme I've been hitting recently which is that pessimism just seems

0:53.5

to be a little bit more focused.

0:59.5

I don't want to say it's at an all time high because I don't have that level of perspective.

1:00.5

But boy, pessimism really is running high right now.

1:04.5

Pessimism is through the roof.

1:05.5

You know, it's a contrary indicator for many investors.

1:09.6

Times of maximum pessimism.

1:13.0

Often tend to be good time.

1:14.0

It's to invest.

1:15.0

If you stretch your time horizon out, it's so funny Chris what you mentioned about that

1:20.6

few minutes where it looked good.

...

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