“Shark Tank” star and investor Kevin O’Leary is advising Americans to stay calm and prioritize long-term strategy as markets fluctuate wildly amid energy price surges and global uncertainty.
O’Leary On Market Volatility
On Sunday, O’Leary posted on X while sharing a clip from his CNN interview, writing, “I get it — volatility makes people nervous. But my job isn’t to panic. My job is to deploy capital.”
He added, “Whether the market is up 700 points or down 700 points, I ask one question: What has actually changed? Most people react emotionally. That’s a mistake.”
In the CNN interview, O’Leary explained that even if energy prices remain elevated for another month, it would not fundamentally affect long-term earnings.
“My job is to deploy capital. That’s what I have to do every day, whether the market’s up 700 points or down 700 points,” he said.
He urged investors to focus on strategic thinking rather than short-term fluctuations, echoing the hockey adage, “think where the puck is going, not where it is right now.”
O’Leary acknowledged the pain felt by ordinary Americans facing rising costs, including farmers and consumers, but stressed that professional investors cannot afford to let emotion guide decisions.
He said, “Volatility causes angst. But unfortunately, in capital markets, you get volatility and you’re seeing it happen right now. It’s not a straight line up.”
We have to think strategically on where we’re going,” he added.
O’Leary On Market Volatility And Investment Strategy
Last week, O’Leary urged investors and the public to stay calm amid rising oil prices and market uncertainty, calling panic unnecessary.
He framed the situation as a short-term disruption rather than a long-term crisis, noting that major economies, including the U.S., China, Japan, Europe, and the Middle East, were affected, increasing the likelihood of a resolution.
In January, O’Leary advised young adults against putting all their money into a single stock or idea, calling diversification essential.
He recommended, “Never put more than 20% in a sector or 5% in a single stock. When poo hits the fan, you want to survive.”
Last year, He also acknowledged market corrections were inevitable and saw pullbacks as buying opportunities.
“The market corrects all the time and it generally goes down 15% to 20%. It’s proven over 100 years plus,” he said, citing strong jobs numbers and a solid economy as evidence that conditions were not as dire as headlines suggested.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Kathy Hutchins / Shutterstock.com
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