Doubleline Capital CEO Jeffrey Gundlach had some sage investing advice Friday: Take it slow.
"You don't have to be out there making speculative bets on Tesla all time, it's OK to make money slowly," Gundlach told CNBC's "Power Lunch." "The markets take the stairs up and the elevator down. It's important not to be in the elevator."
Gundlach made his remarks amid a very volatile trading day, as financial markets across the globe were caught off-guard by the United Kingdom voting in favor of exiting the European Union.