Hightower Podcast: Collective Wisdom

Jimmy Hausberg, managing partner at The Hausberg Group in Beverly Hills, Calif., said that headlines like the coronavirus outbreak or even news of the presidential cycle shouldn't be ignored, but he noted that investors should use those events as a chance to review their portfolio rather than trying to capture short-term profits in ways that can derail long-term strategy. Hausberg's approach is defensive, more focused on avoiding the mistake rather than trying to enhance profits around news events.