Short YouTube transcript in which the speaker (Chris Larsen) advocates that every household adopt a simple, written investment policy to reduce anxiety and avoid reacting to market volatility; the speaker references principles from The Intelligent Investor and emphasizes accepting price fluctuations without letting market 'craziness' derail your plan.
I think that every household should have and sit down and have a really simple investment policy. Okay. And that would, I think, eliminate a lot of the, the concern, the anxiety and all those things. If I know, okay, I'm going to put money into this pot, here are the characteristics of this pot. Prices are going to go up, prices are going to go down. But I'm not going to let the craziness of the world, which is their disadvantage, become my disadvantage. So I'm not going to respond to that when we start seeing the craziness. Another principle out of, you know, the intelligent investor right there.
How to Bullet Proof Your Portfolio and Become a Financial Beast with Eric Miller
