Frankly, with the market down this far, rumors flying everywhere and confidence collapsing, nothing feels trustworthy anymore.
In the end, the only things you can anchor to are whether a business is still creating real value, whether its management is trustworthy, and whether the business is getting stronger!
A stock price is a voting machine; a company’s value is a weighing machine.
At the end of the day, the only things you can trust are the entrepreneurial spirit and the companies you invest in. They keep you calm; due diligence and position sizing help you stay in the game until value is realized.
In the end, the only things you can anchor to are whether a business is still creating real value, whether its management is trustworthy, and whether the business is getting stronger!
A stock price is a voting machine; a company’s value is a weighing machine.
At the end of the day, the only things you can trust are the entrepreneurial spirit and the companies you invest in. They keep you calm; due diligence and position sizing help you stay in the game until value is realized.