In his nearly five decades as a professional investor, Buckingham's Larry Swedroe has seen every type of market, including roughly 20 different "panics" of varying scopes and magnitudes. Despite the fact that the coronavirus-induced sell-off was the fastest in history, with the Dow losing 37% in 23 days and no indication the bottom is in, he remains optimistic. On the latest episode of Let's Talk ETFs, Swedroe offers his accrued investing wisdom - borne out by real-world experience and supported by reams of academic work.
Show Notes

4:00 - Larry's unique perspective for the current panic

9:00 - What's the situation like in St. Louis (where Larry lives)?

12:15 - How should investors be reacting given the current situation?

15:45 - Three different types of bear markets: 2000 vs. 2008 vs. today

26:00 - Weighing the costs of an extended pandemic and subsequent social distancing on the U.S. and global economy

36:30 - Understanding the differences between "risk" and "uncertainty"

41:00 - Figuring out the right portfolio allocation strategy

54:30 - The "Larry Portfolio": How could it have helped investors be in better shape for the current market panic?

1:11:30 - Are classic valuation metrics still relevant given how modern companies operate?

1:17:45 - Does the "momentum" factor work during violent market shocks? When does it work best? 

1:28:30 - Why does the market sometimes have extreme moves on no news?


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