Puri: Do not react to market crashes for 30 to 90 days unless facing ruin
Shaan Puri · The Market Is Crashing. Here’s What We’re Doing About It… · Aug 9, 2024 · at 4:04
Shaan Puri explains his mental model for handling stock market crashes after his business partner panicked over market drops.
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“When markets crash, just, I have to assess, like, A, is the wolf at the door? Like, do I actually have an existential crisis? If so, ok, I'll make a, I'll shift my attention to this and change, but like, if that's the case, it's because I somehow over levered, or like, really stretched myself too thin, or like, I made a huge bet that I should have never made in the first place. So, is the wolf at the door? No. Ok, if the wolf is not at the door, simply do not react. Just do nothing for 30 to 90 days, and then see where you land.”
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