4.4 • 3K Ratings
🗓️ 28 August 2015
⏱️ 39 minutes
🧾️ Download transcript
The stock market has a wild week. What does the latest volatility mean for you? Our analysts discuss that question and share some stocks on their radar. And we revisit our interview with Stephen Dubner, co-author of When to Rob a Bank: And 131 More Warped Suggestions and Well-Intended Rants.
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0:00.0 | Everybody needs money. That's why they call it money. |
0:07.0 | From full global headquarters, this is Motley Fool Money. |
0:19.0 | It's the Motley Fool Money radio show. I'm Ron Gross sitting in forward the vacation |
0:23.0 | in Crisill, joining me in studio from Motley Fool income investor James Early, from Motley |
0:28.0 | Fool Pro and Options Jeff Fisher and from Motley Fool One Morgan Housel, Gentleman. How |
0:33.0 | are you? Very good, Ron. Good start. It's been a week. Thank you. Sorry. Appreciate it. |
0:37.0 | Ron's first time hosting if you're just listening and I'm looking forward to it. Thank you for |
0:41.0 | all for joining us. And guys, thank you for joining me to talk about what's been a pretty |
0:45.0 | crazy week on Wall Street. Lots and lots of volatility I think would be the word to categorize |
0:50.0 | what we've been through. And I wanted to start off by going around the table and getting |
0:55.0 | thoughts from each of you on the week's volatility and Morgan, I'll start with you. |
0:59.0 | Yeah, I think if you're going to be a long-term investor, weeks like this are going to happen |
1:03.0 | and you need to accept that as a long-term investor. And two, if there's really good |
1:09.0 | chance that in five years, ten years, even two or three years, you won't even remember |
1:13.0 | this week. You know, the same thing happened worse than this actually in 2011. Most people |
1:18.0 | don't remember or care about that anymore. Fair Jeff, what are you doing? And last September |
1:22.0 | two, stocks fell about 10, 11% just like now. So my thought is the reason stocks give you |
1:28.0 | outsized returns over the long term is that they can be volatile in the short term. What you |
1:32.0 | have to make sure of is that you're not using margin that you have your own money in the |
1:36.0 | market, that you own things you like, and that you, that you, what was it going to be my last |
1:41.0 | point? It was going to be a good point. Just tell them look at your face. Anyway, that you like what you own |
1:45.0 | and you buy more when you get opportunities to and you have a long-term outlook. And you'll |
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