{
  "id": 18399148,
  "title": "What Tom Gardner Said About Days Like This",
  "url": "https://urgent.news/2026/11/05/what-tom-gardner-said-about-days-like-this",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T23:13:01.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/05/what-tom-gardner-said-about-days-like-this/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "On a market day where the S&P 500 dropped 4.36% and the Nasdaq fell 5.52%, Tom Gardner stressed the importance of maintaining a long-term perspective. He highlighted that a 10% to 15% decline in the S&P 500 is typical and a necessary part of stock market returns. Gardner noted that with the S&P 500 and Nasdaq trading above their historical valuation ranges, the odds of a pullback are higher than usual. He warned that high-growth, high-beta stocks often fall more than the market, amplifying losses for investors. Gardner advocated for a gradual approach to buying and selling, advising investors to sell in stages and reassess their investment theses at each step. He compared this strategy to Hidden Gems, which reduced its stake in CrowdStrike when the stock appeared overpriced. Gardner also emphasized the value of owning a diversified portfolio of at least 50 companies and holding them for more than five years. He suggested conducting a household exercise to determine how long one could live on a reduced budget, recommending maintaining a cash reserve equivalent to six to twelve months of living expenses. Gardner concluded by comparing investors who remain calm during market declines to those who take advantage of lower prices to build their portfolios.",
  "summary": "Tom didn't predict today's drop. He did explain why it shouldn't surprise us and what Fools should do about it.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "What Tom Gardner Said About Days Like This",
        "url": "https://urgent.news/2026/11/05/what-tom-gardner-said-about-days-like-this-18407541",
        "published": "2026-11-05T23:33:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}