COVID Portfolio Liquidation Mistake

Sam Parr shares a story about his biggest investment mistake during the COVID-19 market crash.

"When COVID happened in February in San Francisco, we were all in our apartment sick and the world was literally going to end. The market dropped 30%. It's the only time I've ever done this - literally the day it was at its lowest, I sold 100% of everything I owned.

I thought bodies were going to pile up in New York, I thought the world was ending. I had friends who did the opposite of me, and our returns were drastically different. That was the lesson - when Warren Buffett says all these smart phrases and they sound cool, you're like 'yeah, I'm in.' But when it actually happens, it's hard, it's scary, it's emotional, and I fell victim to that."