The most dangerous mistake in life is assuming people are responding to reality, when they are actually responding to perception, because once you understand that people act based on what they believe is true, not what is true, you start managing how things appear, not just how they are.
@readswithravi yes but even still there is often unecessary glut vs necessary evil. some things you just cannot get past, but others you surprisingly can
@AvnerMandelman@F_Compounders If you’re an LO manager with 3+ yr timeline you can bare to take some short term pain especially if you can identify medium term catalysts. The trick is to have diversity of lifecycle within portfolio so that you aren’t starting each story at the same point in the timeline
@AvnerMandelman@F_Compounders this made no sense.. A stocks value is a stocks value. If not the discounted value of its future cash flows then wtf is it? 😂
@Compounds365@rich_toad AI enhanced analysts with momentum screening are killing. You’re right far and few in between. Market rewarding those that learn to dance to the song that’s playing, not the one they’ve built a career on