Скачать или смотреть Stock Market Crash 2022: How You Can Avoid Panic Selling (Ft. Warren Buffett, Charlie Munger & More)

When stock market crashes strike, investors often panic. Panic selling is one of the biggest mistakes investors make, and in this video I share several quotes that help me keep things in perspective. The quotes come from Charlie Munger, Benjamin Graham, Warren Buffett, Robert Hagstrom, Burton Gordon Malkiel, and Howard Marks. You can read them below:

"A lot of people with high IQs are terrible investors because they've got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy." — Charlie Munger

"The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage." — Benjamin Graham

"When the price of a stock can be influenced by a herd on Wall Street with prices set at the margin by the most emotional person, or the greediest person, or the most depressed person, it is hard to argue that the market always prices rationally. In fact, market prices are frequently nonsensical." — Warren Buffett

"Even those who understand intellectually that such dips are part of the normal course of events may react emotionally and fall into panic." — The Warren Buffett Portfolio by Robert Hagstrom

"The media tend to encourage such self-destructive behavior by hyping the severity of market declines and blowing the events out of proportion to gain viewers and listeners. Even without excessive media attention, large market movements encourage buy and sell decisions that are based on emotion rather than on logic." —A Random Walk Down Wall Street by Burton Gordon Malkiel

"Reason must overcome emotion." —The Most Important Thing by Howard Marks

What is a stock market crash? Are we experiencing a stock market crash in 2022? According to Wikipedia:
A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic bubbles.
A stock market crash is a social phenomenon where external economic events combine with crowd psychology in a positive feedback loop where selling by some market participants drives more market participants to sell. Generally speaking, crashes usually occur under the following conditions: a prolonged period of rising stock prices (a bull market) and excessive economic optimism, a market where price–earnings ratios exceed long-term averages, and extensive use of margin debt and leverage by market participants. Other aspects such as wars, large corporate hacks, changes in federal laws and regulations, and natural disasters within economically productive areas may also influence a significant decline in the stock market value of a wide range of stocks. Stock prices for corporations competing against the affected corporations may rise despite the crash. There is no numerically specific definition of a stock market crash but the term commonly applies to declines of over 10% in a stock market index over a period of several days. Crashes are often distinguished from bear markets (periods of declining stock market prices that are measured in months or years) as crashes include panic selling and abrupt, dramatic price declines.

Also, remember this:
The 1987 stock market crash, dubbed Black Monday, was the largest one-day drop in U.S. history. Stocks went into a freefall for no apparent reason, dropping 22 percent in a single trading session. The next day, May 20, the Dow Jones Industrial Average (DJIA) staged a modest comeback, rising 11 percent after losing nearly 24 percent of its value on Monday. But the reprieve was short-lived: The Dow began another slide that would last more than eight months and wipe out another 15 percent of its value. Stock market crashes are often followed by a period of speculation that is also known as a bear market, during which stocks may fall up to 50%.