Hightower Podcast: Collective Wisdom

A year ago, the stock market shocked investors by cratering just after Thanksgiving, and while no one is calling for a similar event this year, Jimmy Hausberg of The Hausberg View in Beverly Hills, Calif., talks about the importance of keeping that decline in mind, investing as if the next downturn is on the way, even if the current landscape is dominated more by rumor and innuendo than by disturbing facts. Hausberg notes that reacting to headlines and news historically has been a bad way to invest, but that investors must be prepared to ride out the market swings caused by such non-events.