Charlie Munger - What If The Stock Market Crashes?

Full Quote: "In fact, you can argue that if you're not willing to react with equanimity to a market price decline of 50%, two or three times a century, you're not fit to be a common shareholder, and you deserve the mediocre result tou're going to get, compared to the people who do have the temperament, who can be more philosophical about these market fluctuations."

This clip comes from a BBC interview with Charlie Munger that aired at some point during the Great Recession, which is considered to be one of the worst economic declines in US history.

[phillipngongo]

I think being Stoic plays a big role in investing.

[arvincabugnason]

It's true as the market is more on the strength of your stomach (pushing thru big declines) than being very smart.

[sccr]

That’s easy to say when you’re part of a “too big to fail” organization who would be bailed out anyway

[Narayan]

If it crashes I'd buy more, but I'm not rich. If it ever crashes when I'm rich, it will be epic money making time 📈📈📈📈💲💲💲💲 lol 🤣