Kevin O'Leary Says, 'I Hate Volatility And I Don't Like It When The Market Corrects—But The Market Corrects All The Time, Up To 20%'

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Kevin O'Leary isn't a fan of market drops—but he's not running from them either. The investor and TV personality says corrections are just part of the deal when it comes to long-term investing.

Focus on the Outcome, Not the Drama

"I hate volatility and I don't like it when the market corrects," O'Leary recently said. "But the market corrects all the time and it generally goes down 15% to 20%. It's proven over 100 years plus."

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Instead of panicking, he sees pullbacks as opportunities. "It's a great buying opportunity," he said, pointing to recent jobs numbers and a solid economy as proof things aren’t as bad as headlines suggest.

Scaramucci Points Out Hypocrisy

In the same CNN interview, former White House Director of Communications Anthony Scaramucci, pushed back on O’Leary, raising concerns about what O’Leary would say if this happened under a Kamala Harris administration. 

“If 80 days into the Harris administration, we drop $10 trillion of market capitalization, and all of our trading partners lost faith in us, Kevin would be having a heart attack,” he said.

Despite the jab, O’Leary stood by his stance, responding, "Harris is not president. Trump is. And if you didn’t like him 12 years ago, you don’t like him now. I get it. But that’s not the issue.”

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Buying When It Feels Worst

Speaking with Yahoo Finance last month, O'Leary shared a similar sentiment. "Nobody likes volatility," he said. "But as an investor, you learn that you have to hold your nose. And when there’s blood in the streets, you have to be buying."

He pointed to the Nasdaq, where some stocks were already down 30% to 40%, and the Russell 2000, which he says is full of undervalued companies. Rather than chasing individual names, he's been buying index funds.

"I bought more because it's on sale," he said.

O'Leary added that trying to time the bottom is a waste of energy. "Never think you're going to catch the bottom. I don’t even guess to do that. I don’t try and time the market."

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Backing Trump on Tariffs

O'Leary also addressed President Donald Trump's tariff push, which has drawn criticism in recent weeks. He argued that the tariffs are tools for negotiation and that Trump's approach is aimed at reaching fairer trade deals.

"You have to think of them as negotiating tools of economic warfare," he said. "If you can get to zero tariffs, that's the best outcome. That's called free trade."

He said the US is now in discussions with around 60 countries and already seeing movement from places like Thailand, Cambodia, the European Union and even Sen. John Kennedy (R-LA), who called for zero tariffs between Canada and the US.

Despite the noise, O'Leary says the underlying data tells a different story. "We just got the jobs numbers. The economy is just fine," he said.

At the end of the day, O'Leary says he's focused on results, not headlines. "Maybe you don’t like watching sausage being made. Obviously, Trump doesn’t care. He’s an unusual character that way. But I don’t care about the noise, I care about the outcome."

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