Pullbacks Are What Markets Do, Says Ritholtz

The video discusses the concept of market catharsis during sell-offs and the importance of having a structured investment plan, such as dollar-cost averaging, rather than relying on instincts. It highlights the challenges of stock picking and the unpredictability of market variables. The speaker emphasizes long-term investment strategies over short-term market predictions.

What factors should be considered when determining if a stock is cheap or expensive?

What long-term perspective do the clients of the money manager have regarding their investments?