When the stock market stumbles, novice investors agonize over what to do.
Longtime investors have a different reaction.
He has been investing since 1960. The downturn in the stock market has stirred investors' memories of the crash of 1987, the scare of 1998, and even the grinding bear market of the 1970s. This is what you get paid to suffer as an equity investor. If you're looking to get a 10 percent return in the market, you have to suffer this type of volatility. Janke said the events of this week didn't take him by surprise.