Investors have been buying a lot of securities in the last year that haven't made a lot of sense to buy. They bought stocks without knowing why, and so now they're selling stocks without knowing why.
More Quotes from Scott Kahan:
Don't look at the past six months. Look at the past five, 10 or 20 years of returns.Scott Kahan
People may have a better feeling psychologically than they did at the end of the year. They're a little more comfortable. So this is a good time to do a self-assessment.
Scott Kahan
I know people think three days is long term in the market these days. But if you're a long-term investor, 2, 3, 4 percent swings, which are big moves in a day, are meaningless when you look back.
Scott Kahan
People tend to believe that whatever is doing well at the moment will always do well. In the 1990s everybody said value investing was dead and never to return, but managers who stuck to their guns obviously proved that wasn't the case.
Scott Kahan
With a 401(k), people don't realize how much they can save in taxes. They're clueless.
Scott Kahan
In the last several years there hasn't been much of a downside. There hasn't been much of a downside, so people have been spoiled. They don't have a clue as to how it really works.
Scott Kahan
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