저자: SvenCarlin,Ph.D. · 외국인
요약 보기
결론: 피터 린치의 1987년 블랙먼데이 대응을 통해 폭락장에서는 단기 가격 변동을 무시하고 우량 기업을 장기 보유해야 한다는 교훈을 전달하는 영상이다. 1987년 10월 13일 다우가 하루 500포인트(22.6%) 급락한 사건을 배경으로 설명한다. 당시 공포심리와 컴퓨터 프로그램 매도, 손절 매도가 연쇄 하락을 만들었다고 설명한다. 린치의 대응: 그는 아일랜드 휴가 중이었고 펀드는 항상 100% 주식 투자 상태였다. 환매 요청은 전체의 약 3%였으며 이를 맞추기 위해 일부를 매도했다. 워런 버핏은 펀드가 아닌 회사(버크셔)라 환매 압박이 없다는 점을 강조한다. 폭락장 교훈 1: 시장의 등락과 주가에 신경 쓰지 말고 기업의 본질적 펀더멘털에 집중하라. 공황 상태에서 팔면 항상 싸게 판다. 폭락장 교훈 2: 장기적으로 주가는 상승한다. 1987년 바닥 1833포인트에서 1990년대 말 다우 10,000포인트까지 회복했다. 폭락장 교훈 3: 우량 포트폴리오는 나쁜 사건에 흔들리지 않는다. 가장 많이 오른 우수 종목을 폭락 공포로 파는 것이 흔한 실수이며, 우량 기업은 장기 복리로 성과를 낸다. 시장 사이클 통계: 대략 몇 년마다 10% 이상 하락, 6년마다 20% 이상, 10년 안팎으로 30% 이상 폭락이 발생하므로 이는 정상적 현상으로 받아들여야 한다. 리스크: 단기 변동성은 불가피하며 시장 타이밍은 피해야 한다. 출연자 전망은 특정 종목·지수에 대한 구체적 가격 예측 없이 원칙론 위주다.
다듬은 글
the fellow investors we are continuing with the summary of one up on Wall Street probably one of the best investing books out there and what we're going to summarize today's is how to invest through stock market crashes how to behave because Peter Lynch's discusses how he behaved during the 1987 stock market crash that was a big crash with stocks falling 22.6% in one day how are you going to behave what's important what's not important one of the greatest investors of all time is telling us we're going to discuss what Peter Lynch did how he behaved what is important when it comes to stock market crashes and how to invest through stock market crashes we'll finish this video with his summary and for investing lessons how to invest through stock market crashes before we start just quickly click the like button if you enjoy these videos subscribe and click that notification bell so that you get notified each time a new video comes out for you that you don't miss the most important videos let's start the stock market crash of 1987 happened on Black Monday October 13 1987 when the Dow plunged 500 points in one day down 22.6% from 1982 the Dow Index jumped from 2,000 points to 6,000 points and when October came market panic created the selling spiral also computer programs selling spiral stop losses that sent the market down the news related to the crash was all about panic comparing it to the 1929 crash but it is a serious situation that can happen any time that I went up three times in five years which means that maybe tomorrow the stock market can crash 20% easily however Peter Lynch's reactions to the 1987 stock market crash is very very peculiar the first funny thing is that he was a holiday in Ireland while his investors lost two billion dollars in one day that still be with the billion dollars he was visiting blarney castle kissing the Blarney Stone and playing golf in the beautiful fields of Ireland later he was more on the phone because they had to sell stocks he was always 100% invested to cater for the fund redemptions he says that fortunately there was just 3% of investors that wanted their money back so he had to sell 3% of the fund and when that panic strikes the markets it's normal that people want to sell even if great investors would never sell in the in a panic they are forced to sell and therefore push stocks even lower that's the unfortunate truth when it comes to stock market you can be smart but panic fund redemptions people start selling and therefore you have those flash crashes like we had in December 2018 it's something completely normal just as comment only one investor is protected for from having to sell and it's Warren Buffett he doesn't have a fund he has a company which is Berkshire so you cannot redeem stocks or money from debt that's why Buffett has a company not a fund now going to Peter Lynch's for market crash lessons the first is ignore the ups and downs of the market something extremely hard to do because we are bombarded with constant news about stock prices and market moves but you have to focus on business fundamentals you should also forget about stock prices and a funny note from Lynch is that in the 1970s stock market news was hard to find however today stock market news is hard to avoid to quote Peter Lynch when you sell in desperation you always sell cheap so don't ever sell in the spur Asian be prepared for it secondly stocks go up over the long term the funny thing about the great panic in 1987 is that pretty soon stocks recovered passed through the previous high and never looked back the Dow Jones index went from 1833 points in the bottom of the 1987 stock market crash to 10,000 points by 90 99 thirdly don't let nuisances ruin a good portfolio those that own the good portfolio like the Dow Jones did really well and this is perhaps the most important thing to understand when investing you can't predict crashes but you can only great businesses of course every stock will fall in a crash in recession but if you all have great businesses those businesses will do well over the very long term compound and deliver amazing returns superior companies will succeed mediocre companies will fail and when it comes to a crash people often sell the stock that went up the most for them the best performing stock because they think now it will crash terribly but the best performing stock is often the best business you have that might do extremely well over the long term therefore you have to hold stocks for the long term and don't focus on the newest senses they know if the market produces and then something very interesting bull and bear markets don't last forever a great fact to know when it comes to investing is the following there is a 10% or more stock market decline every few years there is a 20% or more stock market decline every six years there is a 30% or more big stock market crash every decade or so so this is something you have to expect this is something completely normal and this is something you can't avoid therefore take it as brand that stocks will be volatile but when those businesses deliver the businesses deliver on returns you will do well so don't try to time the market focus on great investments so this is Lynch's view on stock market crashes I hope it will give you a positive sense on how to invest in this market tomorrow I'll discuss about stock market crash predictions doom and gloom and how those make you lose a lot of money over the long term but to stay on the topic of this summary we're going to continue with the summary of this book that is divided in three parts the first part is about how to yourself to start investing then how to find great businesses and the third part is how to remain a long-term investor the key when it comes to investing shared by one of the best investors out there thank you for watching don't forget to subscribe click like click that notification bell not to miss great videos looking forward to comments and I'll see you in the next video
Comments 0