Part 3/10:
Investment decisions can often be clouded by emotions, leading to impulsive actions that may not serve one's financial interests. Smith suggests that if investors are not confident in their ability to manage the emotional highs and lows of the stock market, a buy-and-hold approach could be the safest strategy. Conversely, he believes that there may be opportunities amidst the volatility, where savvy investors can capitalize on price dips, particularly in stocks like Tesla that have experienced wild price swings over the years.